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Sterling suffered at the hands of heavy weight data yesterday

05/02/2016 | OzForex

United States Dollar: Negative data from both sides of the pond does nothing for cable. The UK got the ball rolling on this headline with 4 heavy weight data released at 12pm yesterday, followed by comments from bank of England’s Carney. The key points from the releases ...
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USD extends its losses

04/02/2016 | OzForex

United States Dollar: The Dollar extended its losses during yesterday’s session and hit new 3 week lows against Sterling, this followed the release of a strong services figure for the UK and a disappointing Manufacturing number for the states. Wednesday’s number ...
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UK construction disappoints ahead of services data today

03/02/2016 | OzForex

United States Dollar: UK construction doesn’t dampen Sterling’s gains against the US Dollar. The big data from yesterday did disappoint coming in well below the expected figure 57.6 and showed the weakest expansion of UK construction out for nine months. This ...
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Will UK construction figures support GBP gains

02/02/2016 | OzForex

United States Dollar: Accelerated growth in UK manufacturing has seen Sterling push higher against the Greenback. The noteworthy release for yesterday certainly didn’t disappoint as the manufacturing release gained to 52.9, a three month of high and improvement on the ...
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Manufacturing data rules the headlines

01/02/2016 | OzForex

United States Dollar: Cable begins the week lower after the highs seen at the end of last week. GBP/USD 1.4407 seen at around 6:30am on Friday morning gradually fell during the working day, finally reaching a low of 1.4170 as end of month flows dominated movement. Domestic ...
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USD falls following terrible Durable Goods orders

29/01/2016 | OzForex

United States Dollar: GBP/USD opens notable higher today following the worst monthly decline in US durable goods orders since Sept 2014. In early trading cable carved out some small gains, rising from an open of 1.4235 to 1.4280, as markets digested the dovish overnight FOMC ...
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USD weaker following Dovish FOMC statement

28/01/2016 | OzForex

United States Dollar: GBP/USD opens lower today as risk off trading continues to dominate cables movements. Opening the day at 1.4325, the pair quickly gapped below 1.43 following the British Bankers Association Mortgage Approvals posting below expectations. The number of ...
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Risk up as focus shifts to US Fed decision and Monetary Policy Statement

27/01/2016 | OzForex

United States Dollar: GBP/USD rebounded strongly through Tuesdays trading as a recovery in risk appetite helped the pound gain nearly 1.75 cents to hit an intraday high of 1.4366. Sterling has suffered throughout January as expectations of an interest rate rise by the bank of ...
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Risk Adversity sends Euro higher

26/01/2016 | OzForex

United States Dollar: Cable traded a fairly tight half cent range yesterday as traders await the Federal Reserve’s upcoming policy meeting on Wednesday evening. Starting the day at 1.4270, GBP/USD fell to 1.4225 through the morning before recovering to an intraday high ...
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Euro still on back foot following potential increase in Stimulus measures

25/01/2016 | OzForex

United States Dollar: Friday saw GBP/USD on the front foot as the pair retracted from Wednesdays lows to a peak just above 1.4360. This was despite UK Retail sales for December posting below expectations and the US posting better than expected Manufacturing PMI for January. ...
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