EURGBP Fundamental Analysis – March 22nd 2016

EURGBP Fundamental Analysis – March 22nd 2016

Written by: PaxForex analytics dept - Tuesday, 22 March 2016 0 comments

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

  • Eurozone Preliminary Markit PMI: The Eurozone Preliminary Markit Manufacturing PMI for March came in at 51.4. Economists predicted a figure of 51.4. Forex traders can compare this to the first Eurozone Preliminary Markit Manufacturing PMI for March which was reported at 51.2.The Eurozone Preliminary Markit Services PMI for March came in at 54.0. Economists predicted a figure of 53.5. Forex traders can compare this to the first Eurozone Preliminary Markit Services PMI for March which was reported at 53.3. The Eurozone Preliminary Markit Composite PMI for March came in at 53.7. Economists predicted a figure of 53.2. Forex traders can compare this to the first Eurozone Preliminary Markit Composite PMI for March which was reported at 53.0.
  • Eurozone ZEW Survey: The Eurozone ZEW Survey for March came in at 10.6. Forex traders can compare this to the Eurozone ZEW Survey for February which came in at 13.6.

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

  • UK CPI: The UK CPI for February increased by 0.2% monthly and by 0.3% annualized. Economists predicted an increase of 0.4% monthly and 0.4% annualized. Forex traders can compare this to the UK CPI for January which decreased by 0.8% monthly and increased by 0.3% annualized. The core CPI for February increased by 1.2% annualized. Economists predicted an increase of 1.2% annualized. Forex traders can compare this to the UK Core CPI for January which increased by 1.2% annualized.
  • UK RPI: The UK RPI for February increased by 0.5% monthly and by 1.3% annualized. Economists predicted an increase of 0.5% monthly and 1.3% annualized. Forex traders can compare this to the UK RPI for January which decreased by 0.7% monthly and increased by 1.3% annualized.
  • UK PPI: The UK PPI for February increased by 0.1% monthly and decreased by 1.1% annualized. Economists predicted a flat figure of 0.0% monthly and a decrease of 1.2% annualized. Forex traders can compare this to the UK PPI for January which decreased by 0.1% monthly and by 1.0% annualized. The UK Core PPI for February increased by 0.2% monthly and by 0.2% annualized. Economists predicted an increase of 0.1% monthly and of 0.1% annualized. Forex traders can compare this to the UK Core PPI for January which increased by 0.1% monthly and was flat at 0.0% annualized.

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