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Pound rises after strong retail sales data

22/05/2015 | OzForex

United States Dollar: The pound got a boost yesterday from a very strong Retail Sales figure for April which printed 1.2% growth for the month. With the markets expecting 0.4% the much better than expected print saw cable rise from 1.5525 in early trading to push through 1.56 ...
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Markets steady after MPC and FOMC minutes

21/05/2015 | OzForex

United States Dollar: Yesterday was dominated by central bank minutes from either side of the Atlantic with details of both the MPC and FOMCs last meetings published. First up was the MPC which confirmed another 9-0 vote in favour of keeping Bank rate at its current all-time ...
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Deflation hits UK for first time since 1960

20/05/2015 | OzForex

United States Dollar: It was volatile day on the FX markets yesterday with some big movements for the pound. First up we had confirmation that the UK had slipped into negative inflation for the first time since March 1960. The headline CPI figure dropped from flat to -0.1% ...
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Markets await UK CPI data

19/05/2015 | OzForex

United States Dollar: Today sees the latest CPI data released at 9:30am which could see the UK slip into negative territory for the first time in over 50 years. A third consecutive reading of 0.0% is expected however some are expecting a temporary spell of deflation in the UK ...
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Markets eye UK CPI next week

15/05/2015 | OzForex

United States Dollar: It has been a relatively quiet end to the week with little data of note from the UK in the past 24 hours. The US posted another strong Unemployment Claims release yesterday with 264k vs the expected 272k. We had more underwhelming inflation data too as ...
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GBP/USD hits 2015 high

14/05/2015 | OzForex

United States Dollar: It was a volatile day for the pound yesterday as the weeks key data releases arrived one after the other in the morning. First up, at 9:30am, was the latest wage growth data which on release saw cable push through 1.57 to its highest level of the year. ...
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GBP/USD closes in on break of 1.57 ahead of important data

13/05/2015 | OzForex

United States Dollar: Last week’s election result continues to provide support to the pound and it’s now close to making a break through 1.57 vs. the U.S. dollar. It got a further boost yesterday morning following the release of better than expected UK ...
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GBP climbs higher on better than expected manufacturing data

12/05/2015 | OzForex

United States Dollar: GBP/USD broke through 1.55 yesterday and even went on to push through 1.56 as the election result last week continues to provide support. In other news on Monday, the Bank of England announced that it would be leaving interest rates on hold – not a ...
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Investors cautious ahead of today''s Greek bail out negotiations

11/05/2015 | OzForex

United States Dollar: The pound has been steady since receiving its post-election boost. It hasn’t quite made it through 1.55 yet vs. the dollar but has made a couple of attempts and opens this morning at 1.5420. In other news on Friday, U.S. Non-farm payrolls data was ...
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Pound soars after Conservative general election victory

08/05/2015 | OzForex

United States Dollar: The pound has jumped across the board overnight as one of the most surprising general elections in decades has seen the Conservatives retain power with an overall majority. With opinion polls in the lead up to the election showed that the race was too ...
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