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GBP/USD hovers close to 1.65 ahead of unemployment data

22/01/2014 | OzForex

United States Dollar: It was announced yesterday that the IMF had raised its UK 2014 growth forecast to 2.4% (from 1.9% announced in October). It also raised its global growth forecast to 3.7% and the US growth forecast to 2.8% from 2.6% in October. Cable rallied from 1.6410/15 ...
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Kiwi trades higher as inflation data comes in strong

21/01/2014 | OzForex

United States Dollar: With it being a public holiday in the US yesterday, it’s been a slow start to the week. GBP/USD pushed above 1.6450 for a brief moment in the morning but then settled back towards 1.6420 come the afternoon. In other news Jon Hilsenrath, the chief ...
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Strong retail sales data boosts the pound

20/01/2014 | OzForex

United States Dollar: The pound got a big boost from strong UK retail sales figures released on Friday. The data showed that sales jumped by 2.6% in December, the highest growth in more than nine years, this compared to market expectations for a rise of 0.5%. GBP/USD shot higher ...
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GBP/USD holds on to 1.63

17/01/2014 | OzForex

United States Dollar: GBP/USD slipped to a low of 1.6315 yesterday morning and opens close to this level today at 1.6320. The range for most of Thursday was fairly narrow with the USD losing a bit of ground as New York came online, investors there likely taking a bit of profit ...
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Dollar higher again following more positive US economic data

16/01/2014 | OzForex

United States Dollar: The US dollar has continued to strengthen. It comes after US economic data, released yesterday, printed better than expected, yet again helping to allay any fears for a stumbling US recovery, this having been underlined by the weak payrolls number on ...
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USD stronger after positive US retail sales report

15/01/2014 | OzForex

United States Dollar: UK CPI (inflation) printed slightly weaker than market expectations yesterday at 2.0% y/y vs. 2.1%. It’s now within the BoE’s target. After climbing 80 points ahead of the print GBP/USD then dropped back from 1.6445 to 1.6400 following the ...
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Steady start to the week for FX market

14/01/2014 | OzForex

United States Dollar: GBP/USD dropped to pre-Non-Farm Payrolls levels on Monday. It started the week at 1.6490 but fell to a low of 1.6350 by the afternoon. There wasn’t any economic data released yesterday that drove this move lower and it was largely down to ‘real ...
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USD drops on weak employment data

13/01/2014 | OzForex

United States Dollar: UK manufacturing and industrial production data, released on Friday morning, both came in below market expectations at 0.0% vs. 0.4% for November. The pound immediately fell on the news and GBP/USD dropped to 1.6402. It remained well supported at the big ...
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Non-Farm Payrolls in focus

10/01/2014 | OzForex

United States Dollar: The pound was steady vs. the US dollar yesterday. As expected the Bank of England left monetary policy unchanged and it did not affect the GBP/USD rate. The pound advanced against the euro however following ECB President Draghi’s press conference ...
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GBP/USD robustly shrugs of strong US data

09/01/2014 | OzForex

United States Dollar: The pound has advanced gradually vs. the USD since this time yesterday and trades at 1.6465 currently. US ADP Non-Farm Employment printed stronger than market forecasts on Wednesday showing that US firms added 238,000 jobs in December vs. expectations for ...
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