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GBP/USD dragged lower again as markets await data, Budget and Fed statement

18/03/2015 | OzForex

United States Dollar: GBP/USD has fallen further over the last 24 hours and it opens this morning at 1.4735. There was no UK economic data of note yesterday and selling in the pair took its cue from bids in EUR/GBP. There’s also a bit of nervousness ahead of the ...
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Markets steady ahead of Fed statement tomorrow

17/03/2015 | OzForex

United States Dollar: GBP/USD traded sub 1.48 for most of the morning session on Monday but as New York came online it pushed higher and up through the big figure, dragged higher by solid bids in EUR/USD. Weaker than expected US data supported the move higher in cable ...
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GBP/USD slips below 1.47 as Fed statement comes in to focus

16/03/2015 | OzForex

United States Dollar: The pound fell again on Friday and at one point look liked it would fall below 1.47 vs. the dollar. In the end it didn’t and has since recovered off of Friday’s low of 1.4703 to open this morning at 1.4770, but it still looks a bit wobbly and ...
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Euro sellers take a breather as GBP comes under pressure

13/03/2015 | OzForex

United States Dollar: GBP/USD really struggled yesterday and has fallen below 1.49. BoE Governor Mark Carney was speaking on Thursday and his comments didn’t particularly help the pound’s cause. In a speech at the Advanced Manufacturing Research Centre in ...
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EUR/USD continues its march towards parity

12/03/2015 | OzForex

United States Dollar: The US dollar has continued to march higher, with those strong jobs numbers on Friday still fresh in the minds of many investors and traders. EUR/USD has been dumped again too, which has in turn dragged on GBP/USD. As well as this, UK Manufacturing and ...
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Euro slumps again as confidence in QE plan and Greek reforms worsens

11/03/2015 | OzForex

United States Dollar: The dollar remains strong this morning as expectations for future Fed monetary policy increasingly diverges from that of other major central banks around the world. GBP/USD has found support just above 1.50, having fallen to a low of 1.5033 yesterday ...
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Dollar strengthens further following robust jobs report

09/03/2015 | OzForex

United States Dollar: US Non-farm payrolls printed stronger than expected on Friday and the dollar strengthened yet again. 295,000 jobs were added to the US economy in February vs. expectations for 240,000 while the unemployment rate dropped to 5.5%. It was a solid report to ...
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Euro drops to fresh 11 year lows as Draghi confirms details of QE plan

06/03/2015 | OzForex

United States Dollar: GBP/USD was steady throughout most of the day yesterday. It slipped to a low of 1.5216, once again dragged lower by the sell-off in EUR/USD. As expected, the Bank of England left interest rates on hold at its monetary policy meeting on Thursday. The ...
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EUR/USD sinks to an eleven year low as ECB press conference falls due

05/03/2015 | OzForex

United States Dollar: GBP/USD fell yesterday following the release of weaker than expected UK Services PMI. The index for February printed at 56.7 vs. forecasts for 57.6, and although the headline was weaker, the number was still relatively strong so it was perhaps an ominous ...
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GBP/EUR through 1.38 as stop orders are filled in early Europe

04/03/2015 | OzForex

United States Dollar: The pound pushed higher on Tuesday morning after data released at 9:30am showed February’s UK Construction PMI beat forecast to print at 60.1. The reading is the highest since November and the twenty-second consecutive reading above the 50 level, ...
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