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Markets await MPC Minutes

22/07/2015 | OzForex

United States Dollar: Yesterday was relatively quiet data-wise with few releases of note. Cable started the day at around 1.5590 and fell back to a low of 1.5530 early on as some profit -taking took place. It’s bounced back this morning as the markets look forward to a ...
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Greece pays debts to IMF and ECB

21/07/2015 | OzForex

United States Dollar: The pound has clawed back some of its losses from yesterday after it was sold off as the London session began. After a small rise it fell back from a high of around 1.5625 to find support at 1.5540. The pound rose throughout last week as comments by Mark ...
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Sterling’s gains continue on future UK rate hike expectations

20/07/2015 | OzForex

United States Dollar: GBP/USD saw a small decline on Friday as US core CPI figures came in on target. The morning saw the pound on the up as markets continued to factor in a potential UK interest rate rise in the next 6 months (see Fridays Commentary). Sterling dollar peaked ...
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Sterling rises after Carney rate hike comments

17/07/2015 | OzForex

United States Dollar: It was another good day for the pound yesterday as bank of England Governor Mark Carney hinted that UK rate rises are due to rise in around six months. In a speech at Lincoln Cathedral discussing the UKs economic outlook and future monetary policy ...
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Greek parliament passes laws in bid to access 3rd bailout

16/07/2015 | OzForex

United States Dollar: Yesterday saw the UK level of unemployment unexpectedly tick up to 5.6% from 5.5% as worse than expected jobs figures were released. An expected drop of 8.9k in the number of those looking for work actually saw a rise of 7k. At the same time the closely ...
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Pound rises on Carney comments - Greek parliament to vote on bailout

15/07/2015 | OzForex

United States Dollar: It was positive day for the pound yesterday as comments from the Inflation Report hearings at Parliament hinted at a sooner than expected UK rate rise. Mark Carney, who hasn’t commented on monetary policy for weeks, stated that “The point at ...
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Euro weakness continues after 3rd Greek bailout approved

14/07/2015 | OzForex

United States Dollar: In the absence of any data the pounds moves were driven by the dramatic news from Europe as Greece and its creditors agreed the terms of a third bailout. As the first news of the agreement hit the wires GBP/USD pushed up as expected however after a short ...
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Agreement reached between Tsipras and creditors but euro slides

13/07/2015 | OzForex

United States Dollar: An agreement between Greece and its creditors on a third bailout has now been reached. A press conference has just taken place and the euro was initially better bid on the news, trading up towards 1.1160. The pound is so far being dragged with it and ...
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Greek deal looking more likely as austerity proposals are submitted

10/07/2015 | OzForex

United States Dollar: Greece has now submitted new austerity proposals to its creditors. According to reports, the proposals seem fairly severe too and include; raising and standardising VAT at 23%, €300mio defence spending cuts and the privatisations of ports amongst ...
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Pound drifts lower as Greek headlines continue to dominate

09/07/2015 | OzForex

United States Dollar: GBP/USD trickled lower throughout the day yesterday. The headlines on Greece were fairly mixed and the UK summer budget didn’t really have too much of an impact on rates. The US Fed minutes last night were on the dovish side and there was mention ...
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