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GBP/USD eventually steadies following better than expected US non-farm payrolls

06/05/2013 | OzForex

United States Dollar: The pound got a boost from better than expected UK Services PMI on Friday, yet another positive UK economic data release. The data showed that the UK service sector grew at its fastest rate in eight months in April; the index printed at 52.9 vs. ...
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UK services data caps a good week for the GBP

03/05/2013 | OzForex

United States Dollar: Cable movement remains within recent ranges. Thursday was kicked off with UK construction data, which showed a climb back towards growth. The figure remained below 50, which separates contraction and expansion, but came in greater than forecast and the ...
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UK construction figures sees Sterling push higher

02/05/2013 | OzForex

United States Dollar: Sterling pushed, but failed to break 1.5600 versus the Greenback overnight. As mentioned in yesterday’s commentary, manufacturing data came in greater than the forecast figure. Despite showing contraction in production and new orders the figure did ...
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GBP higher as UK manufacturing comes in better than expected

01/05/2013 | OzForex

United States Dollar: US data helps cable push higher. Tuesday provided a lot of data for the market to swallow and there were some key releases in the UK and US. We started yesterday’s session with UK lending figures coming in as expected with mortgage approvals rising ...
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Sterling opens lower across the board

30/04/2013 | OzForex

United States Dollar: The Pound is unable to maintain its gains against the US Dollar. Monday morning we saw continuous gains for cable following on from the positive movement at the back end of last week. The currency pair peaked at 1.5545 at 9am, but then spent the rest of the ...
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Sterling demand continues as we open this week

29/04/2013 | OzForex

United States Dollar: Cable holds overnight gains as demand for Sterling remains. The news last week that the UK economy avoided a triple-dip recession has increased demand for the Pound and it has jumped dramatically higher across the board. On the 3rd March Cable fell to a low ...
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Thursday''s UK GDP figures still pushing GBP higher

26/04/2013 | OzForex

United States Dollar: Sterling pushes higher against the US Dollar. No surprises as to why this has occurred with yesterday’s GDP figures showing that the UK avoided a triple-dip recession. Many had predicted before the release that the figure was to show green, but I ...
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GDP figures show UK avoids triple-dip recession

25/04/2013 | OzForex

United States Dollar: Sterling opens higher across the board following better than expected UK GDP data released at 9:30 this morning. Q1 GDP printed at 0.3% vs. expectations for growth of 0.1%. GBP/USD has gapped higher by one big figure and is continuing to push higher as this ...
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German data continues to disappoint and weighs on the Euro

24/04/2013 | OzForex

United States Dollar: Cable traded within a 70 pips range yesterday. UK data did little in the way to support the Pound on Wednesday and its early gains against the US Dollar, but the gains ran through to around 3:45pm and took the currency pair up to a session high of 1.5286. ...
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Chinese data kicks off a data heavy day

23/04/2013 | OzForex

United States Dollar: The Pound hasn’t maintained overnight gains against the US Dollar. The gains in the Pound were partly helped on the sole data release yesterday that came from the US. Sales of previously owned US homes unexpected dropped in March and followed last ...
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