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Pound falls on MPC minutes

09/10/2015 | OzForex

United States Dollar: The pound weakened yesterday morning as the minutes from the latest Bank of England’s MPC meeting were released. The meeting showed members were upbeat about the UKs economic performance although highlighted a slight “deceleration” in ...
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Markets await MPC, ECB and FOMC minutes

08/10/2015 | OzForex

United States Dollar: The pound rose yesterday as UK Manufacturing data showed stronger than expected growth of 0.5% for August. The report cited the “manufacture of transport equipment; the manufacture of basic metals & metal products; and the manufacture of food, ...
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Risk-on trade sees Euro fall

07/10/2015 | OzForex

United States Dollar: Cable has recovered its losses from earlier in the week as risk-on trade saw money flow back into stocks and commodities. GBP/USD had been as low as 1.5135 earlier in the week now trades at 1.5270 with a push beyond 1.53 possible should this ...
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Sterling drops after poor Services PMI

06/10/2015 | OzForex

United States Dollar: The pound started the week on the back foot yesterday as the monthly CIPS/Markit Services PMI release showed its worst reading in over two years. The closely followed survey was expected to show a slight uptick to 56.4 however it printed 53.3, its lowest ...
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Dollar falls after poor jobs data

05/10/2015 | OzForex

United States Dollar: Friday saw the monthly Non-Farm Payrolls miss target by some distance resulting in a sell-off of the greenback. With the markets expecting 201k jobs to be added for September the release showed only 142k, its worst reading since April and the second sub ...
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FX markets steady as all eyes turn to US jobs data

02/10/2015 | OzForex

United States Dollar: GBP/USD recovered off of the 1.5150 level yesterday and pushed slowly north throughout the day, reaching a high of 1.5180. Some solid offers in EUR/GBP as European manufacturing data printed shy of expectations and very slightly better than expected UK ...
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Euro falls as equity markets extend their recovery

01/10/2015 | OzForex

United States Dollar: Equity markets extended their recovery yesterday; the S&P finished up 1.8%, the Nikkei finished up 1.92% and the FTSE is already up by 1.21% this morning. It’s not helped the pound’s cause though, nor did generally better than expected UK ...
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FX ranges steady ahead of much anticipated US labour data

30/09/2015 | OzForex

United States Dollar: Equity markets recovered a bit on Tuesday morning and with the slight improvement in risk appetite cable pushed briefly back through 1.52. It failed to hold though and opens this morning towards the lower end of its recent range at 1.5145. In terms of ...
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Euro up as global stocks are pummelled

29/09/2015 | OzForex

United States Dollar: Stock markets have been pummelled over the last 24 hours but GBP/USD has been fairly immune to it all. It’s traded a steady range since markets opened on Monday and sits at 1.5180 this morning. Meanwhile, the dollar had a mixed performance ...
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Cable looking vulnerable ahead of busier week for data

28/09/2015 | OzForex

United States Dollar: GBP/USD fell again on Friday. Yellen’s comments from last week were still ringing in investors’ ears; she strongly suggested that the Fed would be hiking interest rates by the end of year. US data was also strong on Friday – second ...
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