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Pound weakens on inflation data

18/05/2016 | OzForex

United States Dollar: The pound fell yesterday as UK Inflation data undershot expectations for April. The headline CPI figure fell from 0.5% to 0.3% y/y with drops in airfares, clothing, vehicles and social housing rent acting as the biggest contributor to the decline. The ...
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Pound rises as Brexit poll puts Remain camp ahead

17/05/2016 | OzForex

United States Dollar: It was a very quiet start to the week in the FX markets yesterday with the only notable data release America’s Empire State Manufacturing Index. The survey printed a pretty abysmal -9.0 when 7.2 had been pencilled in. The report stated: ...
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Pound slips as Brexit fears return

16/05/2016 | OzForex

United States Dollar: The pound retreated on Friday giving away the gains seen after the latest Bank of England Inflation Report and Monetary Policy Statement. Sterling had risen to as high as 1.4530 against the dollar as BoE Governor Mark Carney gave his clearest warning yet ...
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Brexit Risks Made Clear by Carney

13/05/2016 | OzForex

United States Dollar: Sterling was the big winner during yesterday''s session, breaking through 1.27 versus Euro and 1.97 against the Aussie. The MPC voted unanimously to hold interest rates, dampening any worries that up to 2 members were considering cuts. Governor Carney ...
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Super Thursday Finally Here

12/05/2016 | OzForex

United States Dollar: Super Thursday is upon us finally. But first, the pound faced minor losses yesterday against EUR and USD, as manufacturing production fell for the fastest rate in three years, falling back into recession (the third time in eight years for UK industry). ...
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Brexit Warning Issued

11/05/2016 | OzForex

United States Dollar: Yesterday's JOLTS job openings release did little to impact cable, with markets waiting for the heftier data due out on Thursday and Friday from the States. More interestingly was the data out from their neighbour to the north, with higher oil prices ...
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Markets Cautious Before "Super Thursday"

10/05/2016 | OzForex

United States Dollar: Cable trading activity was relatively limited yesterday with data thin on the ground, around levels of 1.44. The only real news from a greenback perspective were comments from Chicago Fed President Charles Evans. He favours a "wait and see" approach to ...
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US Jobs Data Fallout

09/05/2016 | OzForex

United States Dollar: We’ll start this morning with the US dollar, which saw some sharp losses very quickly turned into gains following Friday’s non-farms payroll release. The economy added 160,000 jobs last month (the fewest since October 2015) against a forecast ...
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Markets await the non farms and the Aussie tumbles

06/05/2016 | OzForex

United States Dollar: The Dollar remained higher against the other major currencies on Thursday, despite the release of disappointing U.S. jobless claims data as investors began to turn their attention to today’s key employment report. The number of individuals filing ...
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Sterling hoping for a strong Services number

05/05/2016 | OzForex

United States Dollar: The dollar remained broadly higher against the other major currencies on Wednesday, after the release of mostly positive U.S. data boosted optimism over the strength of the economy. Non-manufacturing purchasing manager''s index improved to a four-month ...
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