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Sterling just off 32-month trade weighted highs; US Non-Farm Payrolls to take centre stage today

04/05/2012 |OzForex

United States Dollar: Sterling was unable to make much headway against the USD on Thursday, trading in a 1.6160/1.6215 range, a consequence of a broadly stronger greenback with investors bidding up the worlds reserve currency as risk appetite declined and positioning ahead ...
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ECB to decide the fate of the EUR today

03/05/2012 |OzForex

United States Dollar: Better than expected UK construction PMI data gave GBP/USD some respite from its recent sell off yesterday but the economic release could only push cable to a high of 1.6209, with the 1.62 handle capping any further gains for the pair on the day. Comments ...
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GBP comes away from highs against USD, EUR as UK manufacturing data disappoints

02/05/2012 |OzForex

United States Dollar: A weaker than expected UK manufacturing PMI number sent sterling lower against the USD on Tuesday as investors continued to take profit on their long GBP/USD positions. The Purchasing Managers Index survey of UK manufacturing fell to 50.5 from 51.9 in ...
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AUD tumbles as RBA cuts rates by 0.5%

01/05/2012 |OzForex

United States Dollar: After rising to a fresh 8-month high of 1.6304 during early London trading on Monday sterling slipped lower against the greenback on the back of profit taking and risk aversion, with dollar demand taking the pair back down to 1.6230 where it finished the ...
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US GDP miss pushes GBP/USD to highest level in 8 months

30/04/2012 |OzForex

United States Dollar: Cable traded to an 8-month high of 1.6280 on Friday, registering a tenth consecutive day of gains and subsequently the pound's longest winning streak against the USD since June 1992 as renewed investor demand continued to support the UK currency. There was ...
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Spanish downgrade pushes GBP/EUR to 22-month highs

27/04/2012 |OzForex

United States Dollar: Thursday was the ninth consecutive day of gains for GBP/USD, with the pair trading to 1.6207, its highest level since September 2 2011. Despite the news earlier in the week that the UK had returned to technical recession after two consecutive quarters of ...
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Sterling strong despite UK''s return to recession

26/04/2012 |OzForex

United States Dollar: The UK officially returned to recession yesterday as the release of Q1 GDP came in at -0.2% versus expectations of 0.1%, marking the second consecutive quarter of economic contraction for the British economy. Unsurprisingly GBP/USD took a dive on the news, ...
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Sterling tumbles as UK Q1 GDP miss confirms technical recession

25/04/2012 |OzForex

United States Dollar: Sterling continued to find a strong bid on Tuesday as GBP/USD traded to 1.6164, its highest level in 6 months, despite the slightly weaker than anticipated UK public finances data that was released during early London trading. Economic data from the US came ...
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Euro struggles amidst Dutch government collapse

24/04/2012 |OzForex

United States Dollar: Risk appetite turned sour yesterday as investor worries surrounding the political upheaval in Europe and slowing Chinese growth dampened demand for risky assets. Despite this GBP/USD held firm on the day, initially trading to a low of 1.6078 ...
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GBP/USD trades to a multi month high of 1.6149 on Friday''s strong retail sales print

23/04/2012 |OzForex

United States Dollar: A much stronger than expected UK retail sales figure sent cable shooting through well documented resistance around the 1.6100 level on the way to a multi month high of 1.6149 on Friday. Retail sales were shown to have increased by 1.8% in March, a ...
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