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GBP tests 2 month highs vs. the US dollar as Carney''s positive tone continues to resonate

09/08/2013 | OzForex

United States Dollar: Cable has continued to find good support after the Quarterly Inflation Report on Wednesday. Governor Carney’s upbeat tone and improved forecasts for UK growth has helped GBP/USD trade up convincingly through 1.55 in the last 12/24 hours. Stop loss ...
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GBP settles higher after Wednesday's carneyage

08/08/2013 | OzForex

United States Dollar: The Bank of England gave forward guidance on monetary policy in its Inflation Report yesterday. In it the bank said that it won’t consider raising the base rate or reducing quantitative easing until the unemployment rate falls to 7%. It is a similar ...
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Big day for GBP as Inflation Report looms

07/08/2013 | OzForex

United States Dollar: Movement in GBP/USD has been fairly muted ahead of the Bank of England Quarterly Inflation Report due today. As requested by the Chancellor, the bank will need to provide forward guidance on monetary policy and so this makes the announcement even more ...
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RBA cuts but AUD rises as bank fails to indicate when it might cut again

06/08/2013 | OzForex

United States Dollar: UK Services PMI data printed better than expected yesterday morning and gave the pound an early boost. The index rose to 60.2 in July vs. forecasts for 57.4 and showed that the UK service sector grew at its fastest pace in six years. GBP/USD rose from ...
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Disappointing US payrolls data sees GBP/USD open higher this morning

05/08/2013 | OzForex

United States Dollar: US Non-Farm Payrolls was the focus for markets on Friday. The number was slightly weaker than expected showing that payrolls in the U.S. rose by 162,000 in July vs. expectations for 184,000, the smallest increase for four months. The US dollar gapped lower ...
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Central banks deliver few surprises as the USD continues to strengthen

02/08/2013 | OzForex

United States Dollar: It was another strong performance for the US dollar yesterday. US equity markets including the S&P and the Dow hit record closing highs as US economic data printed better than expected and U.S., European and UK central banks all indicated that there ...
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FOMC delivers few surprises but GDP does in volatile session

01/08/2013 | OzForex

United States Dollar: It was all quite in FX markets yesterday up until the release of US GDP data. GBP/USD traded with a softer tone on month end flows in to EUR and USD during the morning and then snapped lower after the GDP figure beat expectations come the afternoon. ...
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GBP/USD lower ahead of important US announcements today

31/07/2013 | OzForex

United States Dollar: GBP/USD has trickled lower over the past 24 hours. It trades at 1.5205, close to its recent low of 1.5201 after tripping stop loss orders down through the 1.5300 level yesterday. This move lower has come despite the release of weaker than expected US ...
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Aussie dollar the biggest loser after RBA comments

30/07/2013 | OzForex

United States Dollar: The FX market remains relatively subdued ahead of the important data and central bank monetary policy announcements due later in the week. GBP/USD traded to a high of 1.5407 during the London morning yesterday and gradually lost ground throughout the day. ...
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Markets steady ahead of a busy data calendar and central bank decisions

29/07/2013 | OzForex

United States Dollar: It was a slow day on Friday in FX markets. GBP/USD started the day off strong, trading at just over 1.5400 in the early morning before drifting to a low of 1.5360 later in the day. In fact the dollar made steady progress against a range of currencies on ...
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