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Weak UK inflation data sees pound gap lower

19/08/2014 | OzForex

United States Dollar: Ongoing geopolitical tensions in the Middle East and Ukraine continue to dominate the headlines and the uncertainty is hurting risk sentiment. The dollar has strengthened across the board with GBP/USD pushing towards the 1.67 level in the last few hours. ...
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Pound strengthens after Carney comments

18/08/2014 | OzForex

United States Dollar: Friday saw the release of the second estimate of UK Q2 GDP with the quarterly reading unchanged from the preliminary reading of 0.8%. The annual reading was revised upwards slightly to 3.2% from 3.1% which led cable to move from 1.6680 to test 1.67. ...
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Eurozone worries grow as GDP stalls

15/08/2014 | OzForex

United States Dollar: Sterling has remained under pressure since Wednesdays disappointing BoE Inflation Report saw it drop across the board. Cable traded under 1.67 throughout the London session yesterday briefly dropping to 1.6660 in early trading. Most economists now expect ...
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Sterling slumps after dovish BoE Inflation Report

14/08/2014 | OzForex

United States Dollar: Sterling fell across the board yesterday with the release of the Bank of England’s quarterly Inflation Report. The report upgraded the forecast for 2014 UK GDP growth from 3.4% to 3.5% and estimated the amount of slack in the economy had narrowed to ...
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BoE Inflation Report due at 10:30am

13/08/2014 | OzForex

United States Dollar: It was a relatively quiet day in the FX markets yesterday with cable trading between 1.6760 and 1.6805 throughout the London session. It appears to be the calm before the storm as markets look to this morning’s key releases from the UK. First up at ...
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Markets calm before tomorrows BoE Inflation Report

12/08/2014 | OzForex

United States Dollar: In the absence of any top tier data yesterday cable traded between 1.6775 and 1.6795 throughout the London session. It appears the FX markets will be relatively calm through to Wednesday morning when at 9:30am we have UK unemployment data which is ...
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Quiet start to week as markets look to Wednedays BoE Inflation Report

11/08/2014 | OzForex

United States Dollar: It was a relatively quiet end to last week on the FX markets with little top tier data to move the markets. The one release of note from the UK was a worse than expected trade balance release for June which showed a deficit of £9.4B. This was around ...
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Mario Draghi warns of geopolitical risks to the Eurozone

08/08/2014 | OzForex

United States Dollar: The Bank of England held rates as expected at 0.5% yesterday. The minutes of the meeting are being released on 20th August and there is growing speculation that Martin Weale and/or Ian McCafferty may be the first MPC members to vote for a rate rise. In ...
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AUD falls following jump in Australian unemployment

07/08/2014 | OzForex

United States Dollar: Sterling fell yesterday as the latest UK Manufacturing Production reading printed worse than forecast. The release showed a sluggish 0.3% increase for June, half the 0.6% rise the markets were forecasting. GBP/USD which had been trading around 1.6865 at ...
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Pound Strengthens after strongest Services PMI since December

06/08/2014 | OzForex

United States Dollar: Sterling got a boost yesterday after the monthly UK Services PMI beat expectations with a reading for July of 59.1 its highest reading of the year so far. With markets expecting a reading of around 58.1 the release saw cable rise from 1.6850 to 1.6888 and ...
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