Written By : ForexAbode.com || Friday, 08 August 2014 21:26 GMT

GBP/JPY Fundamental Analysis & Economic Strength Meter - August 9, 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: Markit Services PMI: 59.1, positive as compared to the consensus (57.9) as well as the previous 57.7.
GBP: Production: Year-over-year industrial production went down to 1.2% from the previous 2.3%, while it was expected to drop to 1.5%. Same with the manufacturing production which came out to be 1.9% and negative as compared to the consensus (2.1%) as well as the previous 3.7%.
GBP: NIESR GDP Estimate (3 months): 0.6% against the previous 0.9%.
GBP: Interest rate was kept same at 0.5%.
GBP: Trade Balance (June): GBP -2.459 billion against the previous -2.364 billion. Goods trade balance was GBP -9.413 billion and negative as compared to the consensus (-8.800 billion) as well as the previous -9.150 billion British pounds).

Japan

JPY: Markit Services PMI: 50.4 against the previous 49.0.
JPY: Leading Economic Index (preliminary): 105.5 against the previous 104.8.
JPY: Coincident Index (preliminary): 109.4 against the previous 111.2.
JPY: Bank Lending (YoY): Down from 2.3% to 2.2%.
JPY: Trade Balance (BOP Basis): Improved from -675.9 billion yen to -537.1 billion yen.
JPY: Eco Watchers' Survey: Outlook 51.5 against the previous 53.3. Current situation 51.3 against the previous 47.7.

GBP/JPY Economic Strength Meter ©

GBP/JPY fundamental outlook - Economic strength meter - August 9, 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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