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Retail Sales disappoint raising concerns over UK Economic Recovery

24/10/2014 | OzForex

United States Dollar: GBP/USD - Sterling initially fell as UK retail sales, BBA mortgage approvals and CBI Industrial trends survey all came in below expectations but then regained some ground a US Jobless claims and Manufacturing PMI data disappointed. The pair opened the ...
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Dovish MPC Minutes send GBP/USD lower

23/10/2014 | OzForex

United States Dollar: GBP/USD - Dovish comments from the Band of England's MPC minutes saw sterling fall heavily against the Greenback. While the minutes were expected to dovish in nature there was little for the more hawkish to cling onto as most members stated there was not ...
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Today''s focus on BoE Minutes and US Inflation

22/10/2014 | OzForex

United States Dollar: GBP/USD - The dollar gained back some ground yesterday as better than expected home sales data supported the Greenback. The pair started the day shrugging off the weaker than expected UK public sector net borrow figures from September and traded a fairly ...
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GBP/USD continues above 1.61 as US rate hike expectations pushed out

21/10/2014 | OzForex

United States Dollar: GBP/USD - The dollar retreated further through Monday's sessions as optimism of a US rate rise in Mid-2015 waned. In an interview with Bloomberg on 17th Oct, the Federal Reserve Bank of Boston President Eric Rosengren stated conditions were right for the ...
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GBP/USD back above 1.61 as stocks recover

20/10/2014 | OzForex

United States Dollar: The pound fell on Friday following comments from the Bank of England’s Andrew Haldane who said that interest rates could stay low for a longer period of time. He said that “recent evidence, in the UK and globally, has shifted my probability ...
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USD sold heavily as global growth fears persist

16/10/2014 | OzForex

United States Dollar: GBP/USD - The dollar's gains came to an end yesterday as a fall in the UKs unemployment rate coupled with lower than expected US Producer Price Index, Retail Sales and NY Empire State Manufacturing Index saw dollar sold off. The day started with Sterling ...
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GBP falls as UK CPI hits a 5 year low

15/10/2014 | OzForex

United States Dollar: Sterling was given its marching orders yesterday as annualised UK CPI numbers fell to the lowest level for 5 years. GBP/USD started the day at 1.6050 having traded down overnight as the USD regained some support, however, shortly after opening the Office ...
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Focus today on UK CPI numbers

14/10/2014 | OzForex

United States Dollar: Following the USD sell-off during overnight Asia trading, where GBP/USD peaked up to 1.6125, the pound spent much of Monday reversing its fortunes before finally finding support around the 1.6050 level. With the Columbus Day bank holiday and the lack of ...
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Risk off as Eurozone fears dent global growth forecasts

13/10/2014 | OzForex

United States Dollar: GBP/USD remained on the back foot for much of Friday as continuing growth fears in the Eurozone and its knock-on effects for the global economy hit risk appetites. Sterling opened the day having lost 0.6 of a cent overnight against the safe haven dollar ...
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Improved US employment figures help USD gain back some ground

10/10/2014 | OzForex

United States Dollar: GBP/USD looked to be continuing its gains from the previous day as the safe haven dollar remained weaker following Wednesdays FOMC minutes, but better than expected US Initial and Continuing Jobless claims saw Sterling gap lower. Starting the day around ...
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