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GBP/USD threatens a break of 1.5700 as USD weakens further

12/06/2013 | OzForex

United States Dollar: GBP/USD is back through 1.5600 today. Price action in the pair was fairly lacklustre yesterday morning as UK manufacturing data printed below expectations for April at -0.2% whilst industrial output rose in the same month by 0.1%, effectively balancing each ...
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Aussie dollar trades at 32 month lows vs. the USD

11/06/2013 | OzForex

United States Dollar: It’s been a relatively subdued start to the week. GBP/USD has appreciated mildly over the last 24 hours buoyed by some better than expected house price data released overnight; prices rose at their fastest pace in three years in May according to the ...
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US jobs data prompts a pull-back in the USD

10/06/2013 | OzForex

United States Dollar: Friday was all about US non-farm payrolls. After the big rally in GBP/ on Thursday afternoon, cable settled back towards 1.55 on Friday morning in advance of the US jobs data. There were some rumours that the number would be bad but in the end the print ...
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GBP hits fourth month high against USD ahead of US Non-farm Payrolls and Unemployment rate…..

07/06/2013 | OzForex

United States Dollar: GBP/USD was one of the main movers during yesterday’s European sessions. Firstly, a report from the Halifax showed UK House prices rose in the month of May, 0.2% higher than the previous month, ahead of the BoE Monthly Interest Rate and Asset Purchase ...
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Aussie at lowest levels for 18 months. BoE and ECB Announcements due out shortly....

06/06/2013 | OzForex

United States Dollar: Sterling rose to a four week high against the dollar as UK Services PMI data showed its fastest growth rate since March 2012. Following on from positive PMI Manufacturing and Construction figures, earlier in the week, sterling gained from a starting point ...
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Positive UK Services PMI data sees Sterling rally continue....

05/06/2013 | OzForex

United States Dollar: Yesterday heralded a quiet day for GBP/USD after recent volatility. Starting the day at the 1.53, sterling found strong support at this level as early UK PMI Construction data came in better than expected, and actually posted an increase for the first time ...
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Sterling gains continue as UK posts positive PMI Construction data....

04/06/2013 | OzForex

United States Dollar: Sterling continued its early gains against the Greenback as speculation that UK PMI Manufacturing data would show manufacturing expanded for the first time in four months in May proved right. Early trading saw Sterling rise ¾ of a cent on the news ...
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Sterling gains after positive UK PMI Manufacturing data....

03/06/2013 | OzForex

United States Dollar: A mixed bag for GBP/USD volatility on Friday. Sterling started the day at 1.520 before markets focused on an unexpected fall in UK Mortgage Approvals, pushing the pair to below 1.5150 throughout the morning session. The afternoon was then greeted with a ...
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Dollar stutters as growth data misses estimates...

31/05/2013 | OzForex

United States Dollar The dollar stuttered and lost ground against most major yesterday. The declines came as US GDP missed expectations to post at 2.4% in Q1 against expectations of 2.5%. Other key US data was also disappointing and the market turned decidedly ...
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Sterling rally continues

30/05/2013 | OzForex

United States Dollar: Sterling has continued to rise for a second day against the Greenback after a report showed UK house prices increased at their highest rate for 18 months. Yesterday’s early trading seemed to be heading towards the previous resistance level of 1.50; ...
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