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Markets await UK Inflation Report Hearings

10/09/2014 | OzForex

United States Dollar: Bank of England Governor Mark Carney spoke yesterday at the Trade Union Congress in Liverpool where he hinted that UK rates were due to rise in early 2015. He said that many of the conditions for the economy to normalise had “now been met” and ...
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Sterling sell-off continues on Scottish referendum uncertainty

09/09/2014 | OzForex

United States Dollar: Sterling’s sell-off has continued over the past 24 hours with GBP/USD dropping to its lowest level since November 2013. Cable touched a low of 1.6067 in Asian trading as worries persist over the potential break-up of the UK should Scotland vote for ...
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Sterling dives on Scottish referendum opinion poll

08/09/2014 | OzForex

United States Dollar: Sterling has fallen this morning on the back of a report in yesterday’s Sunday Times which shows that the Yes vote for Scottish independence has taken the lead in the opinion polls for the first time. The latest survey by YouGov showed the ...
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Euro smacked lower after ECB announce surprise series of policy measures

05/09/2014 | OzForex

United States Dollar: GBP/USD has broken down through resistance at 1.64 over the last 24 hours. The Scottish independence vote is weighing on the pound but there are other factors at play. It was dragged lower by the big sell-off in EUR/USD yesterday as the European Central ...
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All eyes on ECB as inflation concerns continue

04/09/2014 | OzForex

United States Dollar: UK Services PMI printed better than market expectations on Wednesday morning and it was another positive reading hot off of the heals of strong Construction PMI on Tuesday – the index printed at 60.5 vs. expectations for 58.6. The data’s ...
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GBP suffers as YouGov poll shows growing support for Scottish independence

03/09/2014 | OzForex

United States Dollar: The pound kept on falling yesterday. Despite a solid UK Construction PMI reading which printed at 64.0 vs. expectations for 61.5, GBP/USD fell from 1.6571 to an overnight low of 1.6449. In fact, the construction data was the strongest in seven months ...
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GBP/USD settles lower ahead of Construction PMI

02/09/2014 | OzForex

United States Dollar: It was an interesting start to the week yesterday as GBP bounced higher. It was led higher by healthy sales in EUR/GBP. UK Manufacturing PMI was then released at 9:30am - the purchasing managers index registered its slowest growth rate since June 2013 ...
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Pound bounces across the board in whippy conditions

01/09/2014 | OzForex

United States Dollar: GBP/USD drifted lower on Friday although it did spike to a high of 1.6610 as the London session finished. It eventually fell to a low of 1.6564 very late on but has staged a rapid recovery in Asia to open this morning at 1.6630. It’s been a whippy ...
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Dollar slips ahead of key US economic data

28/08/2014 | OzForex

United States Dollar: Month end buying of GBP/USD saw the pair climb to a high of 1.6602 yesterday. There wasn’t any economic data to disrupt the move higher, either from the UK or the US and its held firm going in to the London session, opening this morning at 1.6595. ...
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NZD bounces on positive news from Fonterra

27/08/2014 | OzForex

United States Dollar: The US dollar strengthened yesterday after U.S. durable goods data jumped in July. Demand for these goods rose by 22.6% from the previous month and was the biggest rise on record. An increase in commercial aircraft demand was one of the biggest ...
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