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Election uncertainty weighs on sterling

07/05/2015 | OzForex

United States Dollar: Today see the UK going to the polls in what promises to be the closest general election in decades. The polls over the past few weeks have seen the Conservatives and Labour exchange a very narrow lead with the likely outcome anything but clear. The pound ...
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AUD higher despite Reserve Bank rate cut overnight

05/05/2015 | OzForex

United States Dollar: It was a fairly quiet day in FX markets yesterday with London being out of action for May Day. There wasn’t much economic data released from the U.S. either and following the sell-off on Friday, GBP/USD has flat-lined around the 1.5120 level. ...
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Euro rally takes many by surprise

01/05/2015 | OzForex

United States Dollar: It was another volatile day in FX markets yesterday. At one point during the morning session, GBP/USD came close to breaking through 1.55. It didn’t, and as the day went on the US dollar pulled back after being heavily sold throughout the week. ...
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Dollar slammed again as GDP misses forecasts

30/04/2015 | OzForex

United States Dollar: The dollar was slammed again yesterday. Weaker than expected U.S. GDP released yesterday was a big contributor to the move, showing that the economy expanded by 0.2% in Q1 vs. forecasts for 1.0%. GBP/USD siphoned through the 1.54 level on the release ...
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GBP/USD shrugs off weak GDP and reaches for 1.54

29/04/2015 | OzForex

United States Dollar: Investors sold GBP/USD yesterday following the release of weaker than expected UK GDP data. As mentioned in Tuesday’s commentary, the data showed that the UK economy grew by 0.3% in the January-March period vs. expectations for 0.5%, the slowest ...
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Pound falls as UK GDP misses forecasts

28/04/2015 | OzForex

United States Dollar: The dollar was sold off as the New York session started yesterday. There wasn’t much by way of data; U.S. Flash Services PMI printed a little weaker than expected but that was about it as far as data was concerned. GBP/USD in particular was a ...
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Greek deadlock continues as payment deadline looms

27/04/2015 | OzForex

United States Dollar: The recent run of soft US data continued on Friday with the latest monthly Core Durable Goods Orders missing target. The release showed a drop of -0.2% when a 0.2% increase was expected. April has seen Non-Farms, Retail Sales, Building Permits and PPI ...
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Run on the dollar continues as GBP/USD pushes through 1.51

24/04/2015 | OzForex

United States Dollar: The dollar is weaker this morning, seeing GBP/USD push through 1.51 in early Europe. Soft U.S. data on Thursday contributed to the run on the greenback as Unemployment Claims, Flash Manufacturing PMI and New Homes Sales all printed below market ...
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Pound rises on hawkish BoE minutes

23/04/2015 | OzForex

United States Dollar: The pound got a boost yesterday as the minutes from the last Bank of England Monetary Policy Committee cut a hawkish tone. The minutes stated that the decision between holding and raising rates was “finely balanced” for two MPC members. It is ...
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FX markets steady ahead of Bank of England MPC minutes

22/04/2015 | OzForex

United States Dollar: It’s been a fairly quiet week this week in FX markets. GBP/USD pushed up through 1.49 yesterday afternoon and reached a high of 1.4970 - it opens close to this level this morning at 1.4965. Bank of England MPC minutes are due today – ...
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