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Markets disappointed by ECB failure to signal rate hikes beyond July
10/06/2011 |OzForex
:: United States Dollar: As expected the Bank of England left interest rates on hold yesterday at 0.5%. UK trade data also came in close to expectations, the deficit coming in at £7.4 billion in April (vs. expectations for £7.5 billion). This supported GBP for a while and GBP/USD ...
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Fitch call for US to raise debt ceiling
09/06/2011 |OzForex
:: United States Dollar: So the pound fell yesterday following those comments from Moody''s. GBP/USD fell to a low of 1.6355 but it has recaptured lost ground since. This comes following a warning by Fitch, another ratings agency, over the state of US finances. They stated yesterday that a ...
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Moody''s comments a threat to UK AAA rating. GBP/USD snaps lower.
08/06/2011 |OzForex
:: United States Dollar: GBP/USD traded a steady range yesterday between 1.6420 and 1.6460. Economic data released from the UK and US failed to deliver any surprises. Federal Reserve Chairman Ben Bernanke also failed disturb markets. He said that the central bank will maintain its monetary ...
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USD weaker on profit taking
07/06/2011 |OzForex
:: United States Dollar: The pound garnered some support yesterday following a report from the IMF that said that no changes were needed to UK economic policy, effectively backing the current government actions so far. They confirmed that rising inflation in the UK had been unexpected but would ...
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US employment figures on Friday saw the USD fall across the board
06/06/2011 |OzForex
:: United States Dollar: Sterling has risen against the Greenback. Sterling had taken an early dip against the US Dollar on Friday as services PMI data came in worse than expected. The weaker than anticipated data providing fresh evidence of a slowdown in the UK''s pace of growth. ...
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Sterling falls against the USD and EUR despite positive construction data
03/06/2011 |OzForex
:: United States Dollar: Cable has seen a choppy 24 hours. Sterling started yesterday’s session undermined by comments from BoE''''s Fisher with regards to considering further QE. This saw the currency pair fall to a low of 1.6304 yesterday. These lows werent maintained however as better ...
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UK PMI data sees the Pound fall against the EUR and USD
02/06/2011 |OzForex
:: United States Dollar: Cable took a downward turn during yesterday’s session as Sterling weakened on poor PMI data. GBP/USD started Wednesday just short of the big figure 1.6500, but as manufacturing data showed that activity grew at its slowest pace in 20 months the currency ...
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All eyes on the Greek fiscal plan being agreed as Euro advances
01/06/2011 |OzForex
:: United States Dollar: Overnight we have seen the US Dollar gain on the Pound as risk appetite was dampened yesterday. A lack of data in the UK yesterday meant Sterling continued its gains early on, but as US markets opened we saw the Pounds gains reversed. Each of the US house ...
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Greek debt worries eased overnight and has seen Euro gain
31/05/2011 |OzForex
:: United States Dollar: Sterling has seen little movement against the US Dollar in the past 24 hours. A bank holiday on both sides of the pond yesterday meant there were no data releases. In the past 30 days we have seen the currency pair fall from its high of 1.6730 down to a low ...
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GBP/USD up on improving risk appetite. Quiet day ahead for UK and US holidays.
30/05/2011 |OzForex
:: United States Dollar: GBP/USD posted gains on Friday as it rose up through the 1.6500 figure to a high of 1.6515 as risk appetite continued to grow. Economic data released on Friday also helped to support this move higher; UK Nationwide House Price Index rose by 0.3% vs. expectations for a ...
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