EURGBP Fundamental Analysis – February 29th 2016

EURGBP Fundamental Analysis – February 29th 2016

Written by: PaxForex analytics dept - Monday, 29 February 2016 0 comments

Here are the key factors to keep in mind today for Euro trades:

  • German Import Price Index: The German Import Price Index for January is predicted to decrease by 1.0% monthly and by 3.4% annualized. Forex traders can compare this to the German Import Price Index for December which decreased by 1.2% monthly and by 3.1% annualized.
  • German Retail Sales: German Retail Sales for January is predicted to increase by 0.3% monthly and by 1.8% annualized. Forex traders can compare this to German Retail Sales for December which increased by 0.6% monthly and by 1.5% annualized.
  • Eurozone CPI and Eurozone Core CPI: The Eurozone CPI for February is predicted at 0.0% annualized. Forex traders can compare this to the first Eurozone CPI for February which increased by 0.3% annualized. The Core Eurozone CPI for February is predicted to increase by 0.9% annualized. Forex traders can compare this to the first Eurozone Core CPI for February which increased by 1.0% annualized.

Here are the key factors to keep in mind today for British Pound trades:

  • UK Net Consumer Credit and UK Net Mortgage Lending: UK Net Consumer Credit for January is predicted at £1.4B. Forex traders can compare this to UK Net Consumer Credit for December which was reported at £1.2B. UK Net Mortgage Lending for January is predicted at £3.7B. Forex traders can compare this to UK Net Mortgage Lending for December which was reported at £3.2B.
  • UK Mortgage Approvals: UK Mortgage Approvals for January is predicted at 74.0K. Forex traders can compare this to UK Mortgage Approvals for December which were reported at 70.8K.
  • UK M4 Money Supply: UK M4 Money Supply for January is predicted to decrease by 0.2% monthly and to increase by 0.2% annualized. Forex traders can compare this to UK M4 Money Supply for December which decreased by 0.2% monthly and increased by 0.2% annualized.

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.