Tag Archives: IndustrialProduction

EUR/GBP spikes to two-and-half-week high, 0.8500 mark back in sight

EUR/GBP gains traction for the second straight day and climbs to over a two-week high on Friday. The BoE’s bleak outlook offsets mostly better-than-expected UK data and undermines the GBP. Upbeat Eurozone Industrial Production figures further provide a lift to the cross in the last hour. Concerns about the energy crisis in Europe  could act… Read More »

When is the UK Q2 GDP and how could it affect GBP/USD?

The British economic calendar is all set to entertain the cable traders in early Friday, at 06:00 GMT, with the preliminary GDP figures for Q2 2022. Also increasing the importance of that time are monthly GDP figures for March, Trade Balance, Manufacturing Production, and Industrial Production details for the stated period. Having witnessed an 8.7%… Read More »

EUR/GBP finds offers around 0.8470 ahead of UK GDP data

EUR/GBP is sensing selling interest around 0.8470 despite the lower consensus for UK economic data. UK households are making higher payouts as subdued earnings are unable to offset soaring inflation. The second-tier Eurozone data is expected to display a vulnerable performance. The EUR/GBP pair is facing barricades around the immediate hurdle of 0.8465 continuously since… Read More »

EUR/USD oscillates around 1.0320 ahead of Eurozone second-tier data and US Michigan CSI

EUR/USD has turned sideways around 1.0320 as DXY rebounds sharply. Fresh evidence of exhaustion in the US CPI is meaningful but short-lived if not find follow-ups. A vulnerable performance is expected from Eurozone Industrial Production data. The EUR/USD pair is auctioning in an inventory distribution phase after a sheer downside move. The asset declined sharply… Read More »