Written By : ForexAbode.com || Sunday, 17 August 2014 04:44 GMT

GBP/USD Fundamental Analysis & Economic Strength Meter - August 17, 2014

The GBP/USD fundamental analysis is updated weekly. It is one of the basis for the GBP/USD weekly outlook. This is mainly derived from the recent major economic releases and news. The GBP/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K. and the U.S., which may affect the relative strength of British pound versus U.S. dollar.

GBP/USD -Recent Economic Releases

Economic Fundamentals from the U.K.

GBP: Claimant Count Change: -33.6K and though better than the expected -30.0K but was poor as compared to the previous -39.5K. However the claimant count rate dropped from 3.1% to 3.0%.(-0.1%) 
GBP: Average Earnings (3 months/year): The change in the earnings including bonus was -0.2% and negative as compared to the consensus as well as the previous 0.4%. Same with the earnings excluding bonus which came out to be 0.6% against the previous and expected 0.7%.
GBP: ILO Unemployment Rate: 6.4%, same as the consensus and better than the previous 6.5%.
GBP: Gross Domestic Product (Q2 - preliminary): Year-over-year change was 3.2% and positive as compared to the consensus as well as the previous 3.1%.

Economic Fundamentals from the U.S.A

USD: Monthly Budget Statement: USD -95 billion and though better than the expected -96 billion but quite poor as compared to the previous 71 billion US dollars.
USD: Retail Sales (MoM - July): 0.0%, negative as compared to the consensus as well as the previous 0.2%. Same with the retail sales ex-autos which was 0.1% against the previous month's 0.4%.
USD: Jobless Claims: Initial claims were 311K against the previous 290K. The continuing jobless claims also rose to 2.544 million from 2.519 million.
USD: Producer Price Index (YoY in July): 1.7%, negative as compared to the consensus (1.8%) as well as the previous 1.9%.
USD: Net TIC (Treasury International Capital) Flows: Total net TIC flows were USD -153.5 billion against the previous 33.1 billion. The net long term flows were USD -18.7 billion and hence quite less than the previous 18.6 billion.
USD: Industrial Production (MoM in June): 0.4%, better than the expected 0.3% but was same as the previous.
USD: Reuters/Michigan Consumer Sentiment Index (preliminary - August): 79.2, negative as compared to the consensus (82.5) as well as the previous 81.8.

GBP/USD Economic Strength Meter ©

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GBP/USD fundamental outlook - Economic strength meter - August 17, 2014
GBP/USD fundamental outlook based of recent economic releases GBP/USD fundamental outlook based on the relative strength of the economic releases.

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GBP/USD interest rate comparison
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