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GBP under pressure again ahead of inflation data

18/11/2014 | OzForex

United States Dollar: After staging a mild recovery late on Friday, GBP/USD snapped lower again on Monday morning as Europe came online. Both HSBC and Barclays announced that they would be pushing back their expectations for a UK interest rate hike by a full year to Q1 2016 ...
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A busy week awaits with inflation and central bank minutes in focus

17/11/2014 | OzForex

United States Dollar: The momentum was with pound sellers on Friday as GBP/USD broke down through support at 1.5650. The dovish Inflation Report earlier in the week and the broad dollar strength saw the pair fall to a low of 1.5601. Better than expected US retail sales data ...
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Pound drops to fourteen month lows vs. the dollar

14/11/2014 | OzForex

United States Dollar: GBP/USD has continued to lose ground and it opens this morning at 14 month lows. The pound is still reeling from the Bank of England’s various downgrades to CPI and GDP made earlier in the week. The pair has also broken down through various stop ...
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GBP snaps lower after inflation and growth forecasts are cut

13/11/2014 | OzForex

United States Dollar: The pound snapped lower yesterday following the release of the Bank of England Inflation Report. The central bank cut inflation and GDP forecasts; 2014 CPI forecasts were cut from 1.9% to 1.2%, 2015 CPI was cut from 1.7% to 1.4% and 2015 GDP was cut from ...
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Big day for the pound with earnings, employment and Inflation Report due

12/11/2014 | OzForex

United States Dollar: GBP/USD was steady throughout much of yesterday with it being Veteran’s Day in North America. Thinner liquidity sometimes and often results in volatility but not really this time as GBP/USD ranged between 1.5840 and 1.5895. It did then spike later ...
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Steady start to the week ahead of US remembrance public holiday

11/11/2014 | OzForex

United States Dollar: The dollar retraced on Monday, pushing higher across the board, and GBP/USD slipped back below 1.59. There was little by way of market moving headlines on Monday – UK BRC Retail Sales y/y data was released overnight and showed a flat reading but ...
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A big week for the pound as the USD drifts lower

10/11/2014 | OzForex

United States Dollar: The pound was steady for most of the day on Friday, despite it being a busy day for economic releases and events. UK trade balance figures were released in the morning on Friday and showed that the UK’s deficit widened to £9.821 billion in ...
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Euro sinks on Draghi''s dovish comments

07/11/2014 | OzForex

United States Dollar: GBP/USD has trickled lower throughout the last 24 hours in response to weaker than expected data over the last week. That said, manufacturing data surprised to the upside yesterday as September’s number came in at 0.4% vs. expectations for 0.3%, ...
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Euro retreats as focus turns to ECB and Draghi''s press conference

06/11/2014 | OzForex

United States Dollar: UK Services PMI printed weaker than expected on Wednesday at 56.2 vs. expectations for 58.5 and although the index reading was still relatively strong it was another kick in the teeth for the GBP bulls, especially on the back of weaker than expected ...
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Dollar advance gathers momentum as GBP/USD slips towards 1.59

05/11/2014 | OzForex

United States Dollar: GBP/USD was steady throughout much of yesterday’s session and overnight. UK Construction PMI printed slightly weaker than expected yesterday at 61.4 vs. 63.5 but it failed to cause a wobble in the pound and it continued to drift along close to and ...
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