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Surprising surge in retail sales lifts Sterling...

05/03/2013 | OzForex

United States Dollar Sterling crosses held up pretty well yesterday. Early selling pressure arose as terrible Construction PMI data hit the wires. Weak construction data was a major influence on last year’s poor growth figures, so the news saw cable drop to 1.50, but ...
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Action packed week looks set to test major crosses...

04/03/2013 | OzForex

United States Dollar: The Dollar out-performed last week. Cable pushed below 1.50, but concerns regarding the budget sequester ensured the move did not last. Sterling managed to recover a little, though terrible manufacturing data released on Friday means the Pound will ...
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No deal in sight as US budget cuts loom...

01/03/2013 | OzForex

United States Dollar: FX markets were steady yesterday. Cable consolidated within a 75 pip range as major crosses generally lacked direction. Risk trends were favourable as tensions were eased by Bernanke’s comments earlier in the week, decent US data, and Italian ...
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Risk appetite rebounds as Italy taps the market with a 10-year offering...

28/02/2013 | OzForex

United States Dollar Cable traded relatively flat yesterday. Indecision seemed to dominate the day, though risk appetite was boosted by a successful Italian bond auction. Sterling is now the worst performing major currency so far this year. Cable has dropped circa 8.6% ...
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EUR/USD looking vulnerable as political instability in Italy ensues

27/02/2013 | OzForex

United States Dollar: It was a steady day yesterday in FX markets, at least by comparison to the last few trading days. GBP/USD enjoyed a mild recovery heading in to the start of play yesterday but soon fell away as BOE MPC members testified on the UK’s economic outlook ...
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GBP recovers but still looks vulnerable

26/02/2013 | OzForex

United States Dollar: GBP/USD retraced on Monday after getting dumped late on Friday and early in the Asian session on Monday, this following the Moody’s downgrade. After falling below 1.5100 it has recovered to open this morning at 1.5185. It traded to a high of 1.5217 ...
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Sterling crosses react to credit rating cut....

25/02/2013 | OzForex

United States Dollar Cable was already under immense pressure last week. The bad run of economic data undermining confidence in the UK economy was further exacerbated by the BoE, who continues to provide the ultimate impetus for Sterling selling. Just as the weekend look ...
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UK Public Sector Borrowing Surplus provides some respite for the ailing pound

22/02/2013 | OzForex

United States Dollar: GBP/USD staged a mild recovery yesterday and overnight, this following a week of heavy losses. After falling below 1.5200 and at one stage close to the 1.5100 level earlier in the week, cable opens this morning at 1.5277. In fact it traded to an overnight ...
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A combination of BoE and Fed Minutes sees GBP/USD fall sharply

21/02/2013 | OzForex

United States Dollar: It was one-way traffic for the pound yesterday. MPC Minutes were released by the Bank of England at 9:30 and showed that 3 members voted for an increase in QE, compared to just 1 member last month. Governor King was one of those in favour of more stimulus, ...
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GBP/USD tests 1.5400 ahead of BOE Minutes today

20/02/2013 | OzForex

United States Dollar: Cable was steady for most of the morning yesterday and it spent most of the morning trading just shy of the 1.5500 figure. There was no economic data released yesterday morning. Come the afternoon though a rumour that Standard and Poor’s were close to ...
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