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Pound advances on strong Services PMI and ahead of manufacturing data

06/11/2013 | OzForex

United States Dollar: GBP/USD has bounced back above 1.60. Markets reacted to better than expected UK Services PMI data released yesterday morning which showed that the UK service sector grew at its fastest rate since 1997 – the index rose to 62.5 vs. forecasts for 60.4. ...
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GBP/USD remains under 1.60 in subdued trading

05/11/2013 | OzForex

United States Dollar: It’s been a steady start to the week so far and one in which we’ve seen mostly USD weakness. GBP/USD got a boost from better than expected October Construction PMI yesterday which rose to at its fastest pace since 2007 to 59.4 vs. forecasts for ...
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GBP/USD slips under 1.60 on strong US data and Fed comments

04/11/2013 | OzForex

United States Dollar: UK Manufacturing PMI printed slightly weaker than expected on Friday, but it was still a good number (or index) at 56.0. GBP/USD hugged 1.60 on the news and it remained well bid under the figure for most of the morning on Friday. That said, given the ...
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Euro tumbles following release of weak inflation and employment data

01/11/2013 | OzForex

United States Dollar: GBP/USD continues to find support at 1.60. The range has been fairly muted following the FOMC statement on Wednesday and there hasn’t been much economic data since for markets to focus on. That said Chicago PMI released yesterday afternoon printed ...
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USD strengthens as FOMC removes reference to "tighter financial conditions"

31/10/2013 | OzForex

United States Dollar: The FOMC didn’t surprise markets too much last night and opted to leave interest rates and the rate of QE unchanged. The statement did not change too much from September’s statement either. They did however drop reference to tighter financial ...
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Euro holds firm in run up to FOMC and busy calendar today

30/10/2013 | OzForex

United States Dollar: Risk sentiment has improved during the last 24 hours, this as the run of weak and recent US economic data leads markets to increasingly pare back expectations for Fed tapering. It means that the US central bank is likely to continue down its easing path. ...
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RBA governor Stevens talks down the Aussie dollar

29/10/2013 | OzForex

United States Dollar: It was a quiet start on the currency markets yesterday. GBP/USD spent most of the London session trading just shy of the 1.62 US cent level. It did briefly break it, trading to a high of 1.6205. The USD has strengthened overnight though; the move prompted ...
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Steady start to the week after GDP comes in as expected on Friday

28/10/2013 | OzForex

United States Dollar: UK GDP printed as expected on Friday. Q3 GDP came in at 0.8%, growing at its fastest pace in three years. There was some concern that the numbers would come in below market forecasts and so we saw a mild relief rally in GBP/USD above 1.62 immediately ...
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GBP/USD back above 1.62 as GDP numbers are released

25/10/2013 | OzForex

United States Dollar: GBP/USD is back above 1.62 this morning. It was a fairly lacklustre day yesterday – US data by way of trade data, unemployment claims and Flash Manufacturing PMI was mixed, though close to market expectations. Carney then spoke at FTs headquarters but ...
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Risk back on this morning after Chinese data beats expectations

24/10/2013 | OzForex

United States Dollar: GBP/USD broke back through 1.62 overnight and traded to a high of 1.6221. Risk appetite is fickle in prevailing market conditions, it being fuelled overnight by better than expected Chinese HSBC Flash Manufacturing PMI which printed at 50.9 vs. expectations ...
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