GBPAUD Fundamental Analysis – February 10th 2016

GBPAUD Fundamental Analysis – February 10th 2016

Written by: PaxForex analytics dept - Wednesday, 10 February 2016 0 comments

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

  • British Industrial Production: British Industrial Production for December decreased by 1.1% monthly and by 0.4% annualized. Economists predicted a decrease of 0.1% monthly and an increase of 1.0% annualized. Forex traders can compare this to British Industrial Production for November which decreased by 0.8% monthly and increased by 0.7% annualized.
  • British Manufacturing Production: British Manufacturing Production for December decreased by 0.2% monthly and by 1.7% annualized. Economists predicted an increase of 0.1% monthly and a decrease of 1.4% annualized. Forex traders can compare this to British Manufacturing Production for November which decreased by 0.3% monthly and by 1.2% annualized.
  • British NIESR GDP Estimate: The British NIESR GDP Estimate for January is predicted to increase by 0.6%. Forex traders can compare this to the British NIESR GDP Estimate for December which increased by 0.6%.

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

  • Australian Westpac Consumer Confidence Index: The Australian Westpac Consumer Confidence Index for February increased by 4.2% to 101.3. Forex traders can compare this to the Australian Westpac Consumer Confidence Index for January which decreased by 3.5% to 97.3.
  • Australian HIA New Home Sales: Australian HIA New Home Sales for December increased by 6.0% monthly. Forex traders can compare this to Australian HIA New Home Sales for November which decreased by 2.7%monthly.

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