Euro Latest: EUR/USD Looks Past GDP, EUR/GBP Coiling for a Breakout
2021-04-30 08:21:00
Justin McQueen,
Analyst
EUR/USD Sees Limited Reaction to GDP
EU CPI to be Met With Similar Response
EUR/GBP Awaiting a Breakout
GERMAN GDP RECAP: The flash estimate of Q1 German GDP indicates that the economy contracted 1.7% Q/Q (vs -1.5% expected), resulting in a Y/Y rate of -3.3% (vs -3.6% expected). This comes as little surprise given that restrictive measures had been reimposed throughout Q1. In response, the Euro has very little attention to this backward looking data, particularly with German looking in a lot better shape in Q2 having finally gotten its act together regarding the rollout of vaccines. Elsewhere, EU CPI is scheduled later today, however, this is likely to be another figure that is shrugged off by the Euro as base effects provide a contribution upside risks.
Why it will take generations to heal the nation
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Why it will take generations to heal the nation
Why it will take generations to heal the nation | Thursday, February 18, 2021
Courtesy of Joseph Mattera
The decades-long political polarity between the Left and the Right has fomented a lack of trust so severe that what was once unthinkable (the Capitol breach on January 6th) is now a reality. The United States began to morally decline in the late 19th century when the Protestant Evangelical church started to abandon culture. Instead of engaging the earth, the Church began focusing on escaping it. They could not cope with the complexities present in society. These complexities included
British Pound (GBP) Latest: GBP/USD Upside Persists , EUR/GBP Bearish - UK GDP Firms 2021-02-12 07:30:00 Justin McQueen, Analyst
GBP/USD Sees Limited Reaction to Better Than Expected GDP
EUR/GBP Remains Bearish Below 0.8860
UK Q4 GDP Recap
UK GDP Q4 Y/Y: -6.5% vs Exp. -8.1% (Prior -8.9%) - Q/Q: 1.0% vs Exp. 0.5% (Prior 4.1%)
UK GDP for the fourth quarter came in firmly above expectations at 1% (Exp. 0.5%), which saw the yearly rate at -6.5%, against the consensus of -8.1%. While the GDP data has printed notably better than expected, this is not entirely a surprise, given last week’s BoE monetary policy report, in which the central bank stated that Q4 GDP was materially better than their initial forecasts. In turn, the Pound has seen a very muted reaction to the data with GBP/USD continuing to hover around the 1.38 handle. Going forward, the vaccine rollout will remain among the key drivers for the Pound.