Better Data Out of the EU and Worse than Expected out of UK Send EURGBP higher

Greg Michalowski |

The EURGBP has been impacted by better data out of EU and worse than expected data out of the UK. EU manufacturing numbers exceeded expert's estimations. In addition, Spain's unemployment rate fell more than 1.5%.  Retail sales in the UK rose slightly, better than last month's but still worse than analysts had called for. Ex auto in the UK was also worse than expected.



The fundamental dynamic lifted the EURGBP to the upside. That move was confirmed by better techicals in the charts. When Fundamentals and Technicals are in synch, that is the recipe that could lead to a trend-like move in the currency pair.  

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
SUD.U:PUR Starlight U.S. Multi-Family (No.2) Core n/a n/a n/a 0

Comments

Emerging Growth

AfterMaster Inc

Studio One Media Inc is a diversified media and technology company. It is engaged in the development and commercialization of proprietary, edge audio and video technologies for professional and consumer…

Private Markets

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…

Mesa-Marshall 2 Well Project

MESA Resources ("MESA") is sponsoring the development of the two well direct drilling project -- "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development of…