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GBP/USD trades at multi-year highs after strong employment data

17/04/2014 |OzForex

United States Dollar: The pound has been the darling of currency markets over the last 24 hours. It broke through 1.68 vs. the US dollar yesterday after UK employment data printed better than expected - the unemployment rate fell to 6.9%, the lowest rate in five years whilst ...
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UK unemployment drops to 6.9%

16/04/2014 |OzForex

<p><strong>United States Dollar</strong>:   Yesterday saw UK inflation fall as expected from 1.7% to 1.6% for March. The slowdown was attributed to a reduction in clothing and fuel costs. Cable dropped from 1.6690 to 1.6660 but immediately jumped to 1.6720 ...
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Euro falls after Draghi''s weekend comments

14/04/2014 |OzForex

United States Dollar: Markets turned risk averse on Friday and as stock indices fell, including the Dow, the USD firmed up. GBP/USD fell to a low of 1.6721 as New York came online. It was also a response to the stronger than expected inflation data, namely the US Producer Price ...
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Euro shrugs off weak inflation and pushes higher again

11/04/2014 |OzForex

United States Dollar: GBP/USD fell back from the 1.68 level yesterday, this after trading to a post FOMC high of 1.6819. It traded to a low of 1.6757, having been largely unaffected by the BoE monetary policy announcement yesterday. As expected, the central bank left interest ...
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Dollar weakens as FOMC minutes emphasise that nothing much has changed

10/04/2014 |OzForex

United States Dollar: FX markets were generally steady in the run up to the FOMC meeting minutes last evening. Cable struggled to make it through 1.6760 and fell no lower than 1.6725, still riding high following the strong UK manufacturing data released a day earlier. The FOMC ...
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Strong economic data continues to support the pound

09/04/2014 |OzForex

United States Dollar: UK Manufacturing and Industrial Production data both printed stronger than expectations yesterday morning, coming in at 1.0% and 0.9% m/m respectively for March. They were very impressive numbers and will serve to boost expectations for an early rate hike ...
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Pound pops higher after strong manufacturing data

08/04/2014 |OzForex

United States Dollar: It was a steady start to the day yesterday in FX markets, amid a lack of any top tier economic data. Things soon got going in the afternoon though as rhetoric from various ECB officials supported bids in EUR/USD, dragging GBP/USD with it. Whilst this was ...
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GBP/USD steady as US jobs data prints in line with expectations

07/04/2014 |OzForex

United States Dollar: US Non-Farm Payrolls printed slightly weaker than expected on Friday, showing that employers added 192,000 jobs to their payrolls in March (vs. expectations for 199,000). Markets were hopeful for a rebound in the jobs numbers as the bad weather lifted in ...
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Draghi''s dovish statement weighs on the euro

04/04/2014 |OzForex

United States Dollar: The pound slumped yesterday following the release of weaker than expected UK Services PMI. The data showed that the UK service sector grew at its slowest rate in nine months in March with the index printing at 57.6 vs. 58.2. Cable fell towards 1.66 on the ...
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Euro on the back foot ahead of the much anticipated ECB decision

03/04/2014 |OzForex

United States Dollar: UK Construction PMI printed slightly weaker than market expectations yesterday but it didn’t have much of a negative impact on the pound. The 62.5 reading in the index shows that confidence in the sector remains sky-high. As the floods receded in ...
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