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Archive | British Pound News

GBP/USD Outlook for the Week Ending September 28th

Major economic events which could impact the trading of the pair GBP/USD for the week ending September 28th are as under:

On Tuesday, In United States, S&P/Case-Shille home price index along with Richmond Fed manufacturing index was released. United States also released its data on consumer confidence while US Federal Reserve’s official Plosser also spoke on economic outlook in Philadelphia.

United Kingdom reported its data on house prices while Bank of England’s official Paul Fisher addressed at an event in London.

On Wednesday, United States published its report on new home sales and MBA mortgage applications while the Energy Information Administration released its inventories data on crude oil, gasoline and distillates. In United Kingdom, data on CBI reports sales was published.

On Thursday, United States will report its data on continuing claims, core personal consumption expenditure, gross domestic product, personal consumption, initial jobless claims, durable goods orders, pending home sales and preliminary benchmark revision to establishment employment. The EIA will also report its data on natural gas supplies. In United Kingdom, data on total business investment, current account and gross domestic product is expected.

On Friday, In United States, data on personal consumption expenditure, personal spending, personal income, purchasing managers’ index and confidence index by University of Michigan will be released. In United Kingdom, data on index of services and consumer confidence survey will be reported.

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GBP/USD Outlook for the Week Ending September 7th

Major factors to affect the trading of the pair GBP/USD for the week ending September 7th, 2012 are as follows:

On Monday, September 3rd, markets remained closed in United in observance of Labor Day while United Kingdom reported its data on purchasing managers’ index and Lloyds Business barometer.

On Tuesday, United States came up with data on purchasing managers’ index and construction spending. Institute of Supply and Management and also released its manufacturing data and figure on prices paid. United Kingdom published its figure on purchasing managers’ index for services & construction sector along with data on house prices.

On Wednesday, data on vehicle sales, MBA mortgage applications, unit labor costs and non-farm productivity will be published in United States while United Kingdom will report its data on PMI for services and official reserves.

On Thursday, in United States, official data on job cuts, consumer outlook index, employment change, initial jobless claims, continuing claims and manufacturing data by Institute of Management and Supply will be published. Moreover, the Energy Information Administration will release its weekly inventories report on crude oil, gasoline, distillates and natural gas. In UK, the Bank of England is expected to announce its interest rate decision and asset purchase target.

On Friday, in United States, data on change in manufacturing payrolls, full time employment change, unemployment rate, average hourly earnings, change household employment, underemployment rate, change in private payrolls and change in average hourly earnings is to be released. In United Kingdom data on industrial production, manufacturing production and producer price index will be reported.

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GBP/USD Outlook for the Week Ending August 31st, 2012

Significant factors to affect the trading of the pair GBP/USD for the week ending August 31st, 2012 are as follows:

On Monday, in United States, Dallas’s Federal Reserve reported its manufacturing activity. United Kingdom came up with its hometrack housing survey.

On Tuesday, in United States, S&P/Case-Shiller home price index and S&P/Case-Shiller composite 20 index was released. Data on consumer confidence and manufacturing index was also reported in the US.

On Wednesday, in the United States, several indicators are expected which will include data on MBA mortgage applications, core personal consumption expenditure, gross domestic product figure, data on personal consumption and data on pending home sales. US Federal Reserve will publish its Beige book economic survey while US Energy Department will report inventories data for crude oil, gasoline and distillates.

On Thursday, United States will report its data on continuing claims, initial jobless claims, personal consumption expenditure, personal spending and personal income. Kansas City Federal Reserve reported its data on manufacturing activity while Energy Information Administration will report its data on natural gas supplies. In United Kingdom, data on net consumer credit, mortgage approvals, net lending of Dwellings and M4 money supply will be released.

On Friday, In United States, data on factory orders and Chicago’s purchasing managers’ index is to be reported while University of Michigan will publish its report on consumer confidence. US Federal Reserve’s Chairman will also address at Jackson Hole Economic Policy Symposium. In United Kingdom data on house prices and consumer confidence survey will be published while Bank of England’s officials Haldane and Posen will deliver a speech at Jackson Hole Economic Policy Symposium.

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GBP/USD Outlook for Week Ending July 6th

List of major events to affect the trading of the pair GBP/USD for the week ending July 6th, 2012 is as under:

On Monday, in United States, data on ISM manufacturing, ISM prices paid, construction spending and PMI was published. Further US Federal Reserve’s official Williams addressed at an event in San Francisco. In United Kingdom, purchasing managers index for manufacturing sector was reported along with data on hometrack housing survey and Lloyds business barometer.

On Tuesday, in United States data on factory orders and New York’s ISM was published. In United Kingdom, data on M4 money supply, mortgage approvals, net lending on Dwellings, net consumer credit and purchasing managers’ index for construction was published.

On Wednesday, July 4th, 2012, markets in United States remained closed in observance of Independence Day. In the United Kingdom, official data on changes in reserves was released with the Bank of England published its data on equity withdrawal.

On Thursday, in the United States, data on MBA mortgage applications, job cuts, ADP employment change, continuing claims, initial jobless claims and data on ISM’s non-manufacturing composite index is to be reported. Moreover, the Energy Information Administration is expected to release its report on crude oil, gasoline and distillates inventories.

In United Kingdom, data on Halifax House price was reported while the Bank of England announced its decision on interest rate.

On Friday, in United States, data on household employment change, net change in employment, change in manufacturing payrolls, unemployment rate, average hourly earnings, private payrolls, non-farm payrolls, underemployment rate, average weekly hours and participation rate will be reported. Moreover, the EIA will release its report on natural gas inventories. Canada is expected to report its data on unemployment rate, part time employment change, building permits, participation rate and purchasing managers’ index.

In United Kingdom, data on producer price index output and input is to be reported. In Switzerland, data on foreign currency reserves and consumer price index will be reported.

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GBP/USD Outlook for the Week Ending June 15th

Major economic factors to affect the trading of the pair GBP/USD for the week ending June 15th, 2012 are as follows:

On Monday, United Kingdom came up with data on employment confidence. In United States, US Federal Reserve’s officials, Lockhart and Williams gave an address on US economy in Chicago and San Francisco respectively.

On Tuesday, United States came up with data on import price index, NFIB small business optimism and economic optimism. US monthly budget statement was also presented while the US Fed’s official Tarullo spoke on shadow banking in San Francisco. In United Kingdom, data on industrial production and manufacturing production was produced along with gross domestic product growth rate.

On Wednesday, In United States, several reports will be published including data on MBA mortgage applications, advance retail sales, producer price index and business inventories. The Energy Information Administration is also expected to report its inventories report on crude oil, gasoline and distillates.

On Thursday, In the United States, data on initial jobless claims, current account balance, continuing claims, consumer price index and natural gas supplies data by EIA will be published. On Friday, United States will come up with data on long term TIC flows, manufacturing data, capacity utilization, industrial production and confidence index by University of Michigan while in United Kingdom, data on trade balance will be published.

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British Pound Outlook for the Week Ending June 1st

Major economic events to affect the trading of the British Pound versus the US dollar for the week ending June 1st, 2012 are as follows:

On Monday, May 28th, 2012, market in United States remained closed in observance of the Memorial Day while United Kingdom released its report on Hometrack Housing Survey.

On Tuesday, May 29th, 2012, In United States, data on S&P/Case-Shiller US Home Price Index was released along with data on consumer confidence and manufacturing activity by Dallas’ Federal Reserve. United Kingdom reported its data on UBS Consumption Indicator.

On Wednesday, May 30th, 2012, United States, released its data on MBA mortgage applications and pending home sales while US Federal Reserves’ officials, Dudley and Fisher separately spoke on economy at public events in New York and San Antonio respectively. In United Kingdom, data on M4 money supply, mortgage approvals, net consumer credit and net lending on dwellings was produced.

On Thursday, May 31st, United Kingdom will report its data on house prices and consumer confidence survey by Gfk. In United States, several reports will be published which will include data on job cuts, consume outlook index, ADP employment change, personal consumption, continuing claims, initial jobless claims, core personal consumption expenditure, gross domestic product price index, and Chicago’s purchasing managers index. Moreover, Energy Information Administration will release its inventories data on crude oil, gasoline, natural gas and distillates.

On Friday, June 1st, 2012, In United Kingdom, PMI for manufacturing sector is expected. In United States, data on unemployment rate, average hourly earnings, change in household employment, personal income, personal consumption expenditure, unemployment rate, personal spending, change in non-farm payrolls, change in private payrolls, change in manufacturing payrolls, construction spending and purchasing managers’ index will be released. Institute of Supply and Management will also report its data on manufacturing activity and prices paid.

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