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BoE Inflation Report due at 10:30am

13/08/2014 | OzForex

United States Dollar: It was a relatively quiet day in the FX markets yesterday with cable trading between 1.6760 and 1.6805 throughout the London session. It appears to be the calm before the storm as markets look to this morning’s key releases from the UK. First up at ...
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Markets calm before tomorrows BoE Inflation Report

12/08/2014 | OzForex

United States Dollar: In the absence of any top tier data yesterday cable traded between 1.6775 and 1.6795 throughout the London session. It appears the FX markets will be relatively calm through to Wednesday morning when at 9:30am we have UK unemployment data which is ...
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Quiet start to week as markets look to Wednedays BoE Inflation Report

11/08/2014 | OzForex

United States Dollar: It was a relatively quiet end to last week on the FX markets with little top tier data to move the markets. The one release of note from the UK was a worse than expected trade balance release for June which showed a deficit of £9.4B. This was around ...
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Mario Draghi warns of geopolitical risks to the Eurozone

08/08/2014 | OzForex

United States Dollar: The Bank of England held rates as expected at 0.5% yesterday. The minutes of the meeting are being released on 20th August and there is growing speculation that Martin Weale and/or Ian McCafferty may be the first MPC members to vote for a rate rise. In ...
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AUD falls following jump in Australian unemployment

07/08/2014 | OzForex

United States Dollar: Sterling fell yesterday as the latest UK Manufacturing Production reading printed worse than forecast. The release showed a sluggish 0.3% increase for June, half the 0.6% rise the markets were forecasting. GBP/USD which had been trading around 1.6865 at ...
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Pound Strengthens after strongest Services PMI since December

06/08/2014 | OzForex

United States Dollar: Sterling got a boost yesterday after the monthly UK Services PMI beat expectations with a reading for July of 59.1 its highest reading of the year so far. With markets expecting a reading of around 58.1 the release saw cable rise from 1.6850 to 1.6888 and ...
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Pound pops higher on solid construction data

05/08/2014 | OzForex

United States Dollar: UK Construction PMI, released yesterday, printed pretty much in line with market expectations at 62.4. Nonetheless it showed that house building in July accelerated at its fastest rate since November 2003 and the news provided mild support to the pound. ...
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GBP/USD on the back foot despite weak US jobs numbers

04/08/2014 | OzForex

United States Dollar: The pound dropped on Friday after UK Manufacturing PMI printed weaker than expected. The index fell to 55.4 in July from 57.2 in June and vs. forecasts for 57.2, its slowest pace in a year. GBP/USD traded to a low of 1.6717 on the news. It remained ...
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Dollar stronger ahead of Non-Farm Payrolls

01/08/2014 | OzForex

United States Dollar: After a bit of a blip post FOMC statement the USD has strengthened again. There wasn’t much by way of any supporting U.S. economic data yesterday. In fact, Chicago PMI printed weaker than forecasts but despite this GBP/USD fell to a low of 1.6858. ...
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FOMC statement disappoints but US GDP doesn''t

31/07/2014 | OzForex

United States Dollar: It was a risk off morning yesterday. The dollar strengthened and GBP/USD meandered lower as investors keenly awaited a plethora of data and market moving events from the States. US ADP Non-Farm Employment Change was first up and printed weaker than ...
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