Written By : ForexAbode.com || Friday, 01 August 2014 17:58 GMT

GBP/JPY Fundamental Analysis & Economic Strength Meter - August 2, 2014

GBP/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The GBP/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K. and Japan, which may affect the relative strength of British pound versus Japanese yen.

GBP/JPY - Recent economic releases

U.K.

GBP: Mortgage Approvals: 67.196K, quite positive as compared to the consensus (62.600K) as well as the previous 61.707K.
GBP: Net Lending to Individuals: GBP 2.5 billion, negative as compared to the consensus (GBP 2.6 billion) as well as the previous GBP 2.7 billion.
GBP: Gfk Consumer Confidence: -2, quite negative as compared to the consensus (2) as well as the previous 1.
GBP: Markit Manufacturing PMI: 55.4, negative as compared to the consensus (57.2) as well as the previous 57.5.

Japan

JPY: Overall Household Spending (YoY): -3.0%, positive as compared to the consensus (-3.8%) as well as the previous -8.0%.
JPY: Unemployment rate went up unexpectedly from 3.5% to 3.7%.
JPY: Retail Trade: Year on year retail trade -0.6% and negative as compared to the consensus (-0.5%) as well as the previous -0.4%. Similarly the large retailers' sales went down by -1.8% from the previous -1.2%.
JPY: Industrial Production (YoY - preliminary): 3.2% and quite better than the previous 1.0%
JPY: Housing: Year-over-year housing starts was -9.5% and was positive as compared to the consensus (-11.5%) as well as the previous -15.0%. However the year over year construction orders went down from previous 13.7% to 9.3%, indicating the some slowness should be seen in the future.
JPY: Nomura/JMMA Manufacturing PMI: 50.5 against the previous 51.5.

GBP/JPY Economic Strength Meter ©

GBP/JPY fundamental outlook - Economic strength meter - August 2, 2014.
GBP/JPY fundamental outlook based of recent economic releases GBP/JPY fundamental outlook based on the relative strength of the economic releases.

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GBP/JPY Interest Rate Comparison
(For Carry Trade)
GBP
0.50%
Japanese Yen
0.10%
GBP/JPY interest rate comparison
0.40%

 

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