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GBP/USD breaks 1.55 ahead of speech by BoE''s Carney

25/02/2015 | OzForex

United States Dollar: The Bank of England Inflation Hearings occurred yesterday at which Governor Carney and other MPC members testified on inflation and monetary policy before Parliament’s Treasury Select Committee. The outcome wasn’t very surprising as Carney ...
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Markets Await Inflation Report Hearings and Yellen Testimony

24/02/2015 | OzForex

United States Dollar: This morning sees Bank of England Governor, Mark Carney and other MPC members discuss the latest Inflation Report before the Treasury Select Committee at Parliament. The latest report was a little more hawkish than the markets were expecting and saw the ...
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Greece remains part of the Eurozone for now as austerity reforms fall due

23/02/2015 | OzForex

United States Dollar: Greece/EU talks didn’t break down over the weekend as feared and Greece remains part of the Eurozone this morning. On Friday, Greece and its EU and IMF lenders agreed to submit a list of reforms by Tuesday this week in order to secure a bailout ...
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Focus remains firmly on Greece/EU talks as EUR sinks

20/02/2015 | OzForex

United States Dollar: All eyes remain well and truly focused on what’s happening with Greece and the Eurozone. There’s lots of rhetoric going around at the moment but ultimately no agreement has been reached between creditors and the Greek government. ...
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Pound higher as earnings, employment and minutes all upbeat

19/02/2015 | OzForex

United States Dollar: The pound rallied yesterday following a plethora of positive economic data releases. To start with, the UK’s average earnings index rose by 2.1% in the year to December vs. expectations for 1.7%. Although it wasn’t a hugely impressive number ...
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UK inflation drops to new lows but GBP remains steady

18/02/2015 | OzForex

United States Dollar: Data yesterday showed that UK inflation fell from 0.5% to an all-time low of 0.3% in January, but in line with most analysts’ forecasts. Low inflation could well turn into deflation as we head into the summer, as the recent collapse in oil prices ...
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Euro falls as Greek debt talks collapse

17/02/2015 | OzForex

United States Dollar: It was a relatively quiet start to the trading week yesterday with America enjoying a day off work due to the Presidents Day national holiday. Cable started the London session around 1.5430 but fell throughout the day as ongoing worries about Greece saw ...
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FX markets steady as US traders enjoy long weekend

16/02/2015 | OzForex

United States Dollar: The dollar weakened across the board during the afternoon session on Friday and it continued to drop overnight. Data on Friday showed that US consumer sentiment fell in February, dropping to 93.6 vs. expectations for 98.2. There wasn’t much by way ...
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Pound rises on BoE Inflation Report

13/02/2015 | OzForex

United States Dollar: The pound rose yesterday on the back of the release of the latest Inflation Report from the Bank of England. The report stated that UK inflation could briefly dip into negative territory over the next few months before turning positive later in the year. ...
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GBP bumps higher this morning in advance of BOE Inflation Report

12/02/2015 | OzForex

United States Dollar: GBP/USD came close to breaking through 1.53 yesterday but failed and promptly tumbled during the late afternoon session. The dollar was generally stronger in New York as various technical levels in USD/JPY were knocked out. There wasn’t much by ...
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