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10/12/2012 | OzForex
United States Dollar:
GBP/USD remains uneventful, opening at 1.6026 and now holding around 1.6035. Investors are wary of buying sterling after UK finance minister George Osborne last week announced that Britain would miss debt-reduction targets, raising concerns the ...
07/12/2012 | OzForex
United States Dollar: The Bank of England left interest rates on hold in its monetary policy announcement yesterday. It also left its asset purchase target unchanged, all of which was expected by markets. Cable moved lower on the news to 1.6035, this after starting the day above ...
06/12/2012 | OzForex
United States Dollar
GBP/USD had a fairly quiet day yesterday, hovering around the 1.6100 mark. Things haven’t got any more exciting this morning with a drop to 1.6075 but then a slight rise to break 1.6100. We’re currently sat at 1.6104. In a half ...
05/12/2012 | OzForex
United States Dollar: GBP/USD briefly slipped below the 1.6100 figure yesterday but has recovered to open this morning at 1.6110. UK construction PMI printed lower than expected yesterday but did not have too much of a negative impact on the pound. US data was lacking but the ...
04/12/2012 | OzForex
United States Dollar: The pound rallied against the USD yesterday supported by improved risk sentiment and better than expected UK manufacturing PMI data released that morning. The index printed at 49.1, its highest level since August, showing that the economy slowed less than ...
30/11/2012 | OzForex
United States Dollar: GBP/USD has risen steadily over the last 24 hours amid varied (positive and negative) official comments out of the US regarding the fiscal cliff and potential for an imminent agreement between both parties. Meanwhile a spate of US economic data released ...
29/11/2012 | OzForex
United States Dollar: The pound lost ground early on Wednesday following comments from Bank of England deputy Governor Bean. He said: “certainly we haven’t closed the door forever on further asset purchases and it would be incorrect to say that we’ve decided ...
28/11/2012 | OzForex
United States Dollar: News of a Greek deal yesterday morning saw GBP/USD trade up to a high of 1.6050. It has settled lower overnight and opens this morning at 1.6005. This has been the range over the last 24 hours. UK Revised GDP data for Q3, released yesterday morning, printed ...
27/11/2012 | OzForex
United States Dollar: After threatening to fall back below the 1.6000 level on Monday morning cable has recovered to open this morning at 1.6048. This comes following the news that EZ finance officials and the IMF have agreed a deal for a Greek bailout. €44 billion of aid ...
26/11/2012 | OzForex
United States Dollar: In thin’ish trade on Monday the USD lost ground across the board and quite quickly come the end of the European session. GBP/USD pushed up through the 1.6000 figure on Friday afternoon, triggering stops along the way. It eventually traded to a high at ...