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Sterling demand continues as we open this week

29/04/2013 | OzForex

United States Dollar: Cable holds overnight gains as demand for Sterling remains. The news last week that the UK economy avoided a triple-dip recession has increased demand for the Pound and it has jumped dramatically higher across the board. On the 3rd March Cable fell to a low ...
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Thursday''s UK GDP figures still pushing GBP higher

26/04/2013 | OzForex

United States Dollar: Sterling pushes higher against the US Dollar. No surprises as to why this has occurred with yesterday’s GDP figures showing that the UK avoided a triple-dip recession. Many had predicted before the release that the figure was to show green, but I ...
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GDP figures show UK avoids triple-dip recession

25/04/2013 | OzForex

United States Dollar: Sterling opens higher across the board following better than expected UK GDP data released at 9:30 this morning. Q1 GDP printed at 0.3% vs. expectations for growth of 0.1%. GBP/USD has gapped higher by one big figure and is continuing to push higher as this ...
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German data continues to disappoint and weighs on the Euro

24/04/2013 | OzForex

United States Dollar: Cable traded within a 70 pips range yesterday. UK data did little in the way to support the Pound on Wednesday and its early gains against the US Dollar, but the gains ran through to around 3:45pm and took the currency pair up to a session high of 1.5286. ...
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Chinese data kicks off a data heavy day

23/04/2013 | OzForex

United States Dollar: The Pound hasn’t maintained overnight gains against the US Dollar. The gains in the Pound were partly helped on the sole data release yesterday that came from the US. Sales of previously owned US homes unexpected dropped in March and followed last ...
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Fitch joins Moody''s in downgrading UK credit rating

22/04/2013 | OzForex

United States Dollar: Sterling sits lower against the Greenback this morning. The move lower occurred throughout Friday but was solidified in the afternoon after Credit ratings agency Fitch joined Moody in downgrading the UK from its AAA rating to AA+ explaining that the ...
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Sterling gains despite decent Euro data...

19/04/2013 | OzForex

United States Dollar Despite poor retail figures yesterday morning, Sterling managed to push higher against the Dollar as US data missed forecasts. Cable ranged 100pips over the day and seemed happy to settle at 1.53. The more risk-on tone gathered pace during the ...
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Sterling down on poor jobs data and lower ahead of retail sales release...

18/04/2013 | OzForex

United States Dollar: Sterling battled through the BoE minutes yesterday, but poor jobs data led the charge that saw the currency sold-off against most majors. Cable fell 1%, but held above 1.520 and retraced marginally through the afternoon.  EURUSD fell towards ...
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BOE members vote to continue QE, All eyes on FED''s Beige Book

17/04/2013 | OzForex

United States Dollar: Risk appetite took a hit in the wake of the Boston bombings with USD gaining nearly half a cent against GBP during morning trading. Year on year Consumer price index figures for the UK came in as expected at 2.8% while US figures posted 0.5% below ...
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Risk off after Boston Bombings, Consumer Price Index in Focus

16/04/2013 | OzForex

United States Dollar: A quiet day for GBP/USD yesterday after china posted overnight figures which indicated a slowdown in their GDP and industrial production. Markets mainly adjusted before the start of European trading hours however a gradual fall in Sterling was seen ...
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