Last Updated on Sunday, 01 December 2013 04:19 GMT
GBP/USD Fundamentals and Economic Strength Meter
GBP/USD -Recent Economic Releases
GBP: BBA Mortgage Approvals: 42.8K, negative as compared to the consensus (45.2K) as well as the previous 43.2K.
GBP: Gross Domestic Product (preliminary): Year on year change 1.5% was same as the consensus and better than the previous 1.3%. Same with the quarter on quarter change which was 0.8% against the previous 0.7%.
GBP: Gfk Consumer Confidence: -12, negative as compared to the consensus (-10) as well as the previous -11.
GBP: Nationwide Housing Prices (YoY): 6.5%, positive as compared to the consensus (6.0%) as well as the previous 5.8%.
GBP: Consumer Credit: GBP 0.457 billion, negative as compared to the consensus (0.605 billion) as well as the previous 1.0738 billion British pounds.
GBP: Mortgage Approvals: 67.701K, less than the expected 68.500K but were better than the previous release of 66.891K.
USD: Pending Home Sales: Month on month change -0.6% was less than the expected 1.3% but was better than the previous -4.6%. The year on year change of -1.6% was weaker that the previous -1.2%
USD: Building Permits: 0.974 million, better than the expected 0.940 million but less than the previous 1.034 million.
USD: Consumer Confidence: 70.4, negative as compared to the consensus (72.9) as well as the previous 72.4.
USD: MBA Mortgage Applications: -0.3% against the previous -2.3%.
USD: Chicago Fed National Activity Index: -0.18 against the previous 0.18.
USD: Durable Goods Orders: -2.0%, negative as compared to the consensus (-1.9%) as well as the previous 3.8%. Change in the durable goods orders ex-transportation was -0.1% and quite less than the expected 0.5% though was slightly better than the previous -0.2%.
USD: Initial Jobless Claims: 316K, positive as compared to the consensus (330K) as well as the previous 326K.
USD: Chicago Purchasing Managers' Index: 63.0 and though better than the expected 60.0 but was less than the previous 65.9.
USD: Reuters/Michigan Consumer Sentiment Index: 75.1, positive as compared to the consensus (73.5) as well as the previous 73.2.
USD: CB Leading Indicator (MoM): 0.2% and though better than the expected 0.0% but was quite less than the previous 0.9%.
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