EUR/GBP Weekly Analysis (week of 01-05/06)

Temp subtitle, Even though falling short of the projected 29.7, United Kingdom Purchasing Managers Index released earlier shows an improvement to 28.9 from the preceding data of 8.2.

Jun. 5, 2020

EUR/GBP is trading around 0.8917 after starting the session at 0.90011 (down -0.93%)

(19:01)

EUR/GBP slides down from 0.90011 to 0.8917, taking a 84 pips loss (-0.93%)

Earlier - Even though falling short of the projected 29.7, United Kingdom Purchasing Managers Index released earlier shows an improvement to 28.9 from the preceding data of 8.2. Euro Zone Deposit Facility Rate (Jun) fall short of the -0.50% projections, with -0.50% and continued its downward trajectory from previous figure of -0.50%. Euro Zone Interest Rate fall short of the 0.00% projections, with 0.00% and continued its downward trajectory from previous figure of 0.00%. Data for Euro Zone ECB Marginal Lending Facility was released Thursday 11:45 AM suggests a downwards trend with 0.25%, while previous data was 0.25% While down from preceding data of -11.1%, Euro Zone Retail Sales is better than expected at -11.7% according to new data released Thursday 9:00 AM Germany Factory Orders fall short of the -19.7% projections, with -25.8% and continued its downward trajectory from previous figure of -15.0%. Data for United Kingdom House Price Index was released today at 7:30 AM suggests a downwards trend with 2.6%, while previous data was 2.7% Germany IHS Markit Construction PMI (May) released Thursday 7:30 AM with a figure of 40.1, this is better from previous number of 31.9 Data for Spain Spanish 10-Year Obligacion Auction was released Thursday 10:00 AM suggests a downwards trend with 0.550%, while previous data was 0.711% Data for Spain Spanish 15-Year Obligacion Auction was released Thursday 10:00 AM suggests a downwards trend with 0.945%, while previous data was 1.193%

Market looking ahead for -

United Kingdom CFTC is scheduled for today at 7:30 PM. Euro Zone CFTC EUR speculative net positions is scheduled for today at 7:30 PM.

Jun. 4, 2020

EUR/GBP is trading around 0.8959 after starting the session at 0.89316(up 0.31%)

(13:00)

After starting the session at 0.89316 EUR/GBP spiked to 0.8973 only to drop back to starting point range and close at 0.8959

Earlier - Euro Zone Deposit Facility Rate (Jun) fall short of the -0.50% projections, with -0.50% and continued its downward trajectory from previous figure of -0.50%. Euro Zone Interest Rate fall short of the 0.00% projections, with 0.00% and continued its downward trajectory from previous figure of 0.00%. Data for Euro Zone ECB Marginal Lending Facility was released today at 11:45 AM suggests a downwards trend with 0.25%, while previous data was 0.25% While down from preceding data of -11.1%, Euro Zone Retail Sales is better than expected at -11.7% according to new data released today at 9:00 AM Data for Euro Zone Unemployment was released Wednesday 9:00 AM is better than expected with 7.3%, but worse than previous figure of 7.1%. New data for Euro Zone Purchasing Managers Index was released Wednesday 8:00 AM comes out at 30.5, beating projections of 28.7 and showing improvement over the preceding figure of 12.0. Germany IHS Markit Construction PMI (May) released today at 7:30 AM with a figure of 40.1, this is better from previous number of 31.9 Data for Spain Spanish 10-Year Obligacion Auction was released today at 10:00 AM suggests a downwards trend with 0.550%, while previous data was 0.711% Data for Spain Spanish 15-Year Obligacion Auction was released today at 10:00 AM suggests a downwards trend with 0.945%, while previous data was 1.193% Euro Zone Producer Price Index fall short of the -1.8% projections, with -2.0% and continued its downward trajectory from previous figure of -1.5%.

Market looking ahead for -

Germany Factory Orders seems to be pointing downwards with an expected -19.7% while preceding figure was -15.6%, new data will be released tomorrow at 6:00 AM. United Kingdom CFTC is scheduled for tomorrow at 7:30 PM. United Kingdom House Price Index is scheduled for tomorrow at 7:30 AM. Euro Zone CFTC EUR speculative net positions is scheduled for tomorrow at 7:30 PM. United Kingdom Consumer Confidence seems to be pointing downwards with an expected -34 while preceding figure was -33, new data will be released today at 11:01 PM. Ireland Gross National Product is scheduled for tomorrow at 10:00 AM. Greece Industrial Production is scheduled for tomorrow at 9:00 AM. Estonia Consumer Price Index is scheduled for tomorrow at 5:00 AM. Italy Retail Sales is scheduled for tomorrow at 8:00 AM. Ireland Gross Domestic Product is scheduled for tomorrow at 10:00 AM.

Jun. 3, 2020

EUR/GBP is trading around 0.8932 after starting the session at 0.88961(up 0.4%)

(23:00)

EUR/GBP remains in the 0.8932 range after starting the session at 0.88961 and gaining 35 pips

Earlier - United Kingdom House Price Index fall short of the 2.8% projections, with 1.8% and continued its downward trajectory from previous figure of 3.7%. While down from preceding data of 7.1%, Euro Zone Unemployment is better than expected at 7.3% according to new data released today at 9:00 AM New data for Euro Zone Purchasing Managers Index was released today at 8:00 AM comes out at 30.5, beating projections of 28.7 and showing improvement over the preceding figure of 12.0. Spain Unemployment Change released Tuesday 7:00 AM with a figure of 26.6K, this is better from previous number of 282.9K United Kingdom Mortgage Lending (Apr) fall short of the 1.15B projections, with 0.29B and continued its downward trajectory from previous figure of 4.78B. United Kingdom Mortgage Approvals (Apr) fall short of the 23.78K projections, with 15.85K and continued its downward trajectory from previous figure of 56.14K. United Kingdom Consumer Credit fall short of the -4.500B projections, with -7.399B and continued its downward trajectory from previous figure of -3.803B. Euro Zone Producer Price Index fall short of the -1.8% projections, with -2.0% and continued its downward trajectory from previous figure of -1.5%. Data for United Kingdom Money Supply was released Tuesday 8:30 AM suggests a downwards trend with 1.5%, while previous data was 3.2% Austria Unemployment Rate released Tuesday 9:00 AM with a figure of 11.5%, this is better from previous number of 12.8%

Market looking ahead for -

United Kingdom Purchasing Managers Index is projected to out perform last figure with 29.7 while it previously stood at 8.2, data will be released tomorrow at 8:30 AM. Euro Zone Deposit Facility Rate (Jun) seems to be pointing downwards with an expected -0.50% while preceding figure was -0.50%, new data will be released tomorrow at 11:45 AM. Euro Zone Press Conference is scheduled for tomorrow at 12:30 PM. Euro Zone Monetary Policy is scheduled for tomorrow at 11:45 AM. Euro Zone Interest Rate seems to be pointing downwards with an expected 0.00% while preceding figure was 0.00%, new data will be released tomorrow at 11:45 AM. Euro Zone ECB Marginal Lending Facility is scheduled for tomorrow at 11:45 AM. Projections for Euro Zone Retail Sales are set for a continuation of decline with -15.0% while previous data was -11.2%, data will be released tomorrow at 9:00 AM. Germany IHS Markit Construction PMI (May) is scheduled for tomorrow at 7:30 AM. Spain Spanish 10-Year Obligacion Auction is scheduled for tomorrow at 9:00 AM. United Kingdom Consumer Confidence seems to be pointing downwards with an expected -34 while preceding figure was -33, new data will be released tomorrow at 11:01 PM.


Compare The Top Forex Trading Brokers In Your Location


Jun. 2, 2020

EUR/GBP is trading around 0.8902 after starting the session at 0.90037 (down -1.13%)

(23:00)

EUR/GBP remains in the 0.8902 range after starting the session at 0.90037 and dropping 101 pips

Earlier - United Kingdom House Price Index fall short of the 2.8% projections, with 1.8% and continued its downward trajectory from previous figure of 3.7%. Even though falling short of the projected 39.5, Euro Zone Purchasing Managers Index released earlier shows an improvement to 39.4 from the preceding data of 33.4. Spain Unemployment Change released today at 7:00 AM with a figure of 26.6K, this is better from previous number of 282.9K United Kingdom Mortgage Lending (Apr) fall short of the 1.15B projections, with 0.29B and continued its downward trajectory from previous figure of 4.78B. United Kingdom Mortgage Approvals (Apr) fall short of the 23.78K projections, with 15.85K and continued its downward trajectory from previous figure of 56.14K. United Kingdom Consumer Credit fall short of the -4.500B projections, with -7.399B and continued its downward trajectory from previous figure of -3.803B. Data for United Kingdom Money Supply was released today at 8:30 AM suggests a downwards trend with 1.5%, while previous data was 3.2% Austria Unemployment Rate released today at 9:00 AM with a figure of 11.5%, this is better from previous number of 12.8% Data for France Budget Balance was released today at 6:45 AM suggests a downwards trend with -92.1B, while previous data was -52.5B Data for Lithuania Gross Domestic Product was released Monday 6:00 AM suggests a downwards trend with 2.40%, while previous data was 3.80%

Market looking ahead for -

Euro Zone Purchasing Managers Index is projected to out perform last figure with 28.7 while it previously stood at 12.0, data will be released tomorrow at 8:00 AM. Euro Zone Unemployment looks to be getting worse with an expected 8.2% while preceding figure was 7.4%, new data will be released tomorrow at 9:00 AM. Projections for Euro Zone Producer Price Index are set for a continuation of decline with -4.0% while previous data was -2.8%, data will be released tomorrow at 9:00 AM. Latvia Money Supply is scheduled for tomorrow at 10:00 AM. United Kingdom BRC Shop Price Index (YoY) is scheduled for today at 11:01 PM. Germany German 5-Year Bobl Auction is scheduled for tomorrow at 9:40 AM. Ireland Irish Exchequer Returns (May) is scheduled for tomorrow at 3:30 PM.

Jun. 1, 2020

EUR/GBP is trading around 0.8969 after starting the session at 0.9004 (down -0.39%)

(12:00)

EUR/GBP slides down from 0.9004 to 0.8969, taking a 34 pips loss (-0.39%)

Earlier - Even though falling short of the projected 39.5, Euro Zone Purchasing Managers Index released earlier shows an improvement to 39.4 from the preceding data of 33.4. Data for Lithuania Gross Domestic Product was released today at 6:00 AM suggests a downwards trend with 2.40%, while previous data was 3.80%

Market looking ahead for -

Projections for United Kingdom House Price Index are set for a continuation of decline with 2.8% while previous data was 3.7%, data will be released tomorrow at 6:00 AM. Spain Unemployment Change is scheduled for tomorrow at 7:00 AM. United Kingdom Mortgage Lending (Apr) seems to be pointing downwards with an expected 1.15B while preceding figure was 4.80B, new data will be released tomorrow at 8:30 AM. Expectations for United Kingdom Mortgage Approvals (Apr) are set for a continuation of decline with 23.78K while previous data was 56.16K, data will be released tomorrow at 8:30 AM. According to projections United Kingdom Consumer Credit are set for a continuation of decline with -4.500B while previous data was -3.841B, data will be released tomorrow at 8:30 AM. United Kingdom Money Supply is scheduled for tomorrow at 8:30 AM. Austria Unemployment Rate is scheduled for tomorrow at 8:00 AM. France Budget Balance is scheduled for tomorrow at 6:45 AM. Ireland Purchasing Managers Index is scheduled for tomorrow at 12:01 AM. France French 12-Month BTF Auction is scheduled for today at 1:00 PM.

Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.