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GBP/USD hits 2015 high

14/05/2015 | OzForex

United States Dollar: It was a volatile day for the pound yesterday as the weeks key data releases arrived one after the other in the morning. First up, at 9:30am, was the latest wage growth data which on release saw cable push through 1.57 to its highest level of the year. ...
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GBP/USD closes in on break of 1.57 ahead of important data

13/05/2015 | OzForex

United States Dollar: Last week’s election result continues to provide support to the pound and it’s now close to making a break through 1.57 vs. the U.S. dollar. It got a further boost yesterday morning following the release of better than expected UK ...
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GBP climbs higher on better than expected manufacturing data

12/05/2015 | OzForex

United States Dollar: GBP/USD broke through 1.55 yesterday and even went on to push through 1.56 as the election result last week continues to provide support. In other news on Monday, the Bank of England announced that it would be leaving interest rates on hold – not a ...
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Investors cautious ahead of today''s Greek bail out negotiations

11/05/2015 | OzForex

United States Dollar: The pound has been steady since receiving its post-election boost. It hasn’t quite made it through 1.55 yet vs. the dollar but has made a couple of attempts and opens this morning at 1.5420. In other news on Friday, U.S. Non-farm payrolls data was ...
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Pound soars after Conservative general election victory

08/05/2015 | OzForex

United States Dollar: The pound has jumped across the board overnight as one of the most surprising general elections in decades has seen the Conservatives retain power with an overall majority. With opinion polls in the lead up to the election showed that the race was too ...
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Election uncertainty weighs on sterling

07/05/2015 | OzForex

United States Dollar: Today see the UK going to the polls in what promises to be the closest general election in decades. The polls over the past few weeks have seen the Conservatives and Labour exchange a very narrow lead with the likely outcome anything but clear. The pound ...
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AUD higher despite Reserve Bank rate cut overnight

05/05/2015 | OzForex

United States Dollar: It was a fairly quiet day in FX markets yesterday with London being out of action for May Day. There wasn’t much economic data released from the U.S. either and following the sell-off on Friday, GBP/USD has flat-lined around the 1.5120 level. ...
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Euro rally takes many by surprise

01/05/2015 | OzForex

United States Dollar: It was another volatile day in FX markets yesterday. At one point during the morning session, GBP/USD came close to breaking through 1.55. It didn’t, and as the day went on the US dollar pulled back after being heavily sold throughout the week. ...
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Dollar slammed again as GDP misses forecasts

30/04/2015 | OzForex

United States Dollar: The dollar was slammed again yesterday. Weaker than expected U.S. GDP released yesterday was a big contributor to the move, showing that the economy expanded by 0.2% in Q1 vs. forecasts for 1.0%. GBP/USD siphoned through the 1.54 level on the release ...
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GBP/USD shrugs off weak GDP and reaches for 1.54

29/04/2015 | OzForex

United States Dollar: Investors sold GBP/USD yesterday following the release of weaker than expected UK GDP data. As mentioned in Tuesday’s commentary, the data showed that the UK economy grew by 0.3% in the January-March period vs. expectations for 0.5%, the slowest ...
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