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GBP under further selling pressure against both the USD and EUR

18/01/2013 | OzForex

United States Dollar: Weakness in the pound has continued over the last 24 hours. GBP/USD traded to a low of 1.5956 yesterday and opens the morning below the 1.6000 level at 1.5982. Concerns for the outlook of the UK economy continue to deepen. Also what we are seeing at the ...
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GBP/USD slips below 1.6000 as investors become increasingly bearish on GBP

17/01/2013 | OzForex

United States Dollar: The pound came under heavy selling pressure yesterday. GBP/USD fell through 1.6000 to a low of 1.5975, this coming as investor’s continue to fret over the potential for the UK to lose its triple ‘A’ rating and the associated effects on its ...
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Euro loses ground following comments by Eurogroup President Juncker

16/01/2013 | OzForex

United States Dollar: Good support remains a 1.6000 in GBP/USD. The pair chopped about yesterday within a range of 1.6035/1.6100. It opens this morning at 1.6035 under pressure again as threats to the UK’s credit rating gradually increase, these latest threats coming from ...
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EUR/GBP continues to grind higher as traders shrug off weak EZ industrial production

15/01/2013 | OzForex

United States Dollar: GBP/USD slipped below 1.6100 yesterday and took out a few stops on its way to a low of 1.6040. There was no UK economic data released yesterday morning and the move lower can’t be put down to any one thing in particular. Improving global risk ...
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Euro continues to push higher as markets await Bernanke''s speech

14/01/2013 | OzForex

United States Dollar: GBP/USD tracked EUR/USD higher on Thursday and remained well supported on Friday morning. UK industrial and manufacturing production data then printed weaker than forecast come 9:30 am at -0.3% and 0.3% respectively vs. expectations for 0.5% and 0.8%. ...
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EUR/USD rallies two big figures after ECB press conference yesterday

11/01/2013 | OzForex

United States Dollar: As expected yesterday the Bank of England left monetary policy unchanged. Cable didn’t react to the announcement but soon caught a bid on the back of the ECB press conference, following the central bank’s announcement on interest rates. ECB ...
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GBP/USD and EUR/USD steady in advance of central bank decisions

10/01/2013 | OzForex

United States Dollar: Risk is back on this morning following the release of much better than expected Chinese trade data overnight; the country’s trade surplus in December printed at a massive $31.6 billion vs. expectations for $20.1 billion. Most major currencies rose ...
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Rumours of a French sovereign downgrade weigh on the euro

09/01/2013 | OzForex

United States Dollar: Markets have been fairly quiet over the last 24 hours. GBP/USD has drifted lower after starting the day yesterday close to the 1.6100 figure. It opens this morning at 1.6050 having traded a steady range in Asia. Rumours of a French downgrade yesterday ...
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Euro higher as expectations for an ECB rate cut diminish

08/01/2013 | OzForex

United States Dollar: Good support came in at 1.6000 in cable yesterday. Amid a lack of data (over the last 24 hours) GBP/USD pushed slowly higher from 1.6010 to an overnight high of 1.6127. The release of better than expected house price data from the Halifax yesterday morning ...
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GBP/USD holds 1.6000 before rebounding post US NFP

07/01/2013 | OzForex

United States Dollar: The pound slipped to a low of 1.6010 vs. the US dollar on Friday, the decline prompted in part by the weaker than expected UK Services Purchasing Managers’ Index which came in at 48.9 vs. expectations for 50.4. This print meant that the service sector ...
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