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A positive sign for the pound as 1.70 provides good support

23/06/2014 | OzForex

United States Dollar: GBP/USD drifted from its multi-years highs on Friday. It dropped from 1.7059 to a low of 1.7005. The Bank of England’s Any Haldane gave an interview with the Yorkshire Post newspaper before the weekend and said that “right now, there aren't ...
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GBP/USD Hits Another Multi-Year High

20/06/2014 | OzForex

United States Dollar: Yesterday’s UK Retail Sales release printed broadly in line with expectations showing a decline of -0.5% from the previous month. After Aprils strong performance due to the late Easter a drop was always expected. Last month’s reading was revised ...
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Dollar Drops on FOMC Press Conference

19/06/2014 | OzForex

United States Dollar: Pound-bulls hoping for a split vote from the MPC minutes were left disappointed as it showed another 9-0 vote against raising borrowing costs. Since Mark Carney’s speech at Mansion House last week when he said that interest rates may rise ...
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MPC Member vote numbers tempering expectations of earlier than expected Interest Rate Rise

18/06/2014 | OzForex

United States Dollar: Sterling popped lower yesterday as UK CPI data came in at 1.5% versus an expected level of 1.7%. This was the slowest annualised rate for Four and a half years according to the office of National statistics and well below the Bank of England’s 2% ...
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UK inflation data a reality check for the hawks

17/06/2014 | OzForex

United States Dollar: GBP/USD failed to make another push back above 1.70 yesterday. It ticked around in the high 1.69s, buoyed by the hawkish comments from Bank of England officials last week and over the weekend. Former MPC member Adam Posen was speaking yesterday though and ...
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GBP/USD trades above 1.70 for the first time since 2009

16/06/2014 | OzForex

United States Dollar: GBP/USD pushed above 1.70 this morning, this for the first time since the summer of 2009. It made steady gains throughout the day on Friday as investors responded to the hawkish comments by Bank of England Governor Carney at his Mansion House speech last ...
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Carney''s comments boost the pound

13/06/2014 | OzForex

United States Dollar: The pound made steady gains yesterday. It has made even bigger gains overnight, this following Bank of England Governor Mark Carney’s keynote speech at the annual Mansion House dinner on Thursday evening. He said that an interest rate rise ...
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Pound Gains as UK Unemployment Falls

12/06/2014 | OzForex

United States Dollar: Sterling found more support yesterday as the UKs level of unemployment fell faster than expected. Latest figures from the ONS showed that the unemployment level dropped to 6.6% from 6.8%, 0.1% more than had been forecast. The report showed that the number ...
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Euro continues to drift lower as debt yields fall

11/06/2014 | OzForex

United States Dollar: UK Manufacturing and Industrial Production printed in line with market expectations on Tuesday morning, both sets of data coming in at 0.4% m/m. The pound jumped higher as the latter posted its biggest rise since 2011. Sales in EUR/GBP also helped GBP/USD ...
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EUR Weakens in Quiet Start to the Week

10/06/2014 | OzForex

United States Dollar: It was a quiet start to the week in the forex markets with few data releases and Australian, French and German bank holidays adding to thin trading conditions. Cable moved within a 30 pip range throughout the last 24 hours trading between 1.6785 and 1.6815. ...
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