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Pound falls as UK GDP misses forecasts

28/04/2015 | OzForex

United States Dollar: The dollar was sold off as the New York session started yesterday. There wasn’t much by way of data; U.S. Flash Services PMI printed a little weaker than expected but that was about it as far as data was concerned. GBP/USD in particular was a ...
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Greek deadlock continues as payment deadline looms

27/04/2015 | OzForex

United States Dollar: The recent run of soft US data continued on Friday with the latest monthly Core Durable Goods Orders missing target. The release showed a drop of -0.2% when a 0.2% increase was expected. April has seen Non-Farms, Retail Sales, Building Permits and PPI ...
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Run on the dollar continues as GBP/USD pushes through 1.51

24/04/2015 | OzForex

United States Dollar: The dollar is weaker this morning, seeing GBP/USD push through 1.51 in early Europe. Soft U.S. data on Thursday contributed to the run on the greenback as Unemployment Claims, Flash Manufacturing PMI and New Homes Sales all printed below market ...
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Pound rises on hawkish BoE minutes

23/04/2015 | OzForex

United States Dollar: The pound got a boost yesterday as the minutes from the last Bank of England Monetary Policy Committee cut a hawkish tone. The minutes stated that the decision between holding and raising rates was “finely balanced” for two MPC members. It is ...
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FX markets steady ahead of Bank of England MPC minutes

22/04/2015 | OzForex

United States Dollar: It’s been a fairly quiet week this week in FX markets. GBP/USD pushed up through 1.49 yesterday afternoon and reached a high of 1.4970 - it opens close to this level this morning at 1.4965. Bank of England MPC minutes are due today – ...
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Grexit fears dominate the news

20/04/2015 | OzForex

United States Dollar: Last week ended with GBP/USD briefly getting above 1.50 for the first time since early March as UK unemployment dropped to 5.6% its lowest level since September 20008. The accompanying wage growth data was broadly in line with expectations which showed ...
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GBP/USD pops through 1.50 as the dollar continues to fall

17/04/2015 | OzForex

United States Dollar: The US dollar was sold off again yesterday owing to yet more weak U.S. data. Building Permits rose less than forecast in March and housing starts climbed only 2% to 926,000. Weekly unemployment claims also increased by more than expected. There were ...
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Aussie rises after strong jobs data

16/04/2015 | OzForex

United States Dollar: The recent soft data from the States continued yesterday with the latest set of numbers undershooting target leading to another sell-off of the Greenback. After worse than expected Retail Sales figures on Tuesday, yesterday’s Empire State ...
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Greenback knocked lower as retail sales data dissapoints

15/04/2015 | OzForex

United States Dollar: Data released yesterday showed that UK CPI remained unchanged at 0% y/y. However the core reading unexpectedly dropped from 1.2% to 1%. Sterling was sold off on the back of the release as the report showed the first Feb-March fall in prices of clothing ...
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Markets await UK inflation data

14/04/2015 | OzForex

United States Dollar: The markets will be looking to this morning’s Inflation data from the UK for the first possible dip into negative territory since 1960. CPI currently sits at 0.0% and should it go negative then expect to see GBP/USD drop towards the five year low of ...
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