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USD reluctant to move higher despite positive GDP

31/10/2014 | OzForex

United States Dollar: GBP/USD - Having dropped to an overnight low of 1.5970, following the end of Quantitative Easing in the US, Sterling spent yesterday morning recovering some ground ahead of US GDP and Jobless claims numbers. Annualised US Q3 GDP came in at 3.5%, beating ...
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USD surges as Fed ends QE

30/10/2014 | OzForex

United States Dollar: GBP/USD - The safe haven dollar has surged against its UK counterpart as the US Federal Reserve Bank confirmed an end to its Quantitative Easing programme and delivered more hawkish comments regarding the US Jobs market. In its October announcement the ...
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Markets cautious ahead of tomorrow''s FOMC statement

28/10/2014 | OzForex

United States Dollar: GBP/USD - After the turbulence of last week cable experience a relatively quiet day of trading as sterling remained well supported. With no data releases from the UK the pair traded a tight 20 pip range through the morning session but then gained as US ...
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US data dominates this weeks docket

27/10/2014 | OzForex

United States Dollar: GBP/USD - Sterling pushed higher on Friday and UK 3rd Quarter GDP met expectations while US home sales figures did not. YoY GDP hit predicted levels of 3.0% while QoQ came in on par at 0.7%. This helped the pound jump 40 pips to 1.6065 as fears of a ...
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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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