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Pound Surges After UK Construction PMI Beats Forecast

02/07/2014 | OzForex

United States Dollar: Sterling benefitted from yet more good data yesterday as the monthly Manufacturing PMI beat forecast. The report printed 57.5 (exp 56.7) up from 57 last month to reach its second highest reading in 40 months (the highest was last Novembers 57.8). The report ...
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GBP hits 6 year highs versus USD

01/07/2014 | OzForex

United States Dollar: GBP/USD continued its impressive run during Yesterday’s session following the news that both Net lending to individuals and Mortgage approvals rose in May. Opening around the 1.7020 level the pair gained nearly a cent to post 6 year highs of 1.7114. ...
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Month end flows could create volatility today

30/06/2014 | OzForex

United States Dollar: GBP/USD traded convincingly above 1.70 on Friday. Data wise, the UK current account printed weaker than expected at -£18.5 billion and Final GDP q/q came in at 0.8% - right on expectations. GBP/USD slipped a bit but it remained well supported above ...
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USD weakens after shocking GDP

26/06/2014 | OzForex

United States Dollar: GBP/USD has made a couple of attempts to break through the 1.70 level over the last 24 hours but has failed to make a convincing one. There was good buying support at 1.6950 yesterday morning, and those supportive bids saw the pair trade to a high of ...
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Carneys Comments Send Sterling Lower

25/06/2014 | OzForex

United States Dollar: Yesterday saw BoE Governor, Mark Carney, appear before the Treasury Select Committee at the House of Commons to discuss the UK economy and Mays quarterly Inflation Report. Pound-bulls hoping for more hints of an early rate rise akin to the one he gave ...
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A positive sign for the pound as 1.70 provides good support

23/06/2014 | OzForex

United States Dollar: GBP/USD drifted from its multi-years highs on Friday. It dropped from 1.7059 to a low of 1.7005. The Bank of England’s Any Haldane gave an interview with the Yorkshire Post newspaper before the weekend and said that “right now, there aren't ...
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GBP/USD Hits Another Multi-Year High

20/06/2014 | OzForex

United States Dollar: Yesterday’s UK Retail Sales release printed broadly in line with expectations showing a decline of -0.5% from the previous month. After Aprils strong performance due to the late Easter a drop was always expected. Last month’s reading was revised ...
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Dollar Drops on FOMC Press Conference

19/06/2014 | OzForex

United States Dollar: Pound-bulls hoping for a split vote from the MPC minutes were left disappointed as it showed another 9-0 vote against raising borrowing costs. Since Mark Carney’s speech at Mansion House last week when he said that interest rates may rise ...
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MPC Member vote numbers tempering expectations of earlier than expected Interest Rate Rise

18/06/2014 | OzForex

United States Dollar: Sterling popped lower yesterday as UK CPI data came in at 1.5% versus an expected level of 1.7%. This was the slowest annualised rate for Four and a half years according to the office of National statistics and well below the Bank of England’s 2% ...
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UK inflation data a reality check for the hawks

17/06/2014 | OzForex

United States Dollar: GBP/USD failed to make another push back above 1.70 yesterday. It ticked around in the high 1.69s, buoyed by the hawkish comments from Bank of England officials last week and over the weekend. Former MPC member Adam Posen was speaking yesterday though and ...
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