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Volatility at last as MPC and Fed minutes play their part

21/08/2014 | OzForex

United States Dollar: The pound recovered on Wednesday morning after MPC minutes showed that 2 members voted for a rise in UK interest rates at the last monetary policy meeting. Most MPC members found that there weren’t sufficient inflation pressures to justify hiking ...
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EUR/USD close to one year lows as dollar bids prevail ahead of FOMC minutes

20/08/2014 | OzForex

United States Dollar: GBP/USD slumped to 1.6602 overnight, this following the release of weaker than expected UK CPI inflation data yesterday morning. The index dropped from 1.9% to 1.6% y/y. A slight fall to 1.8% was expected so this bigger than expected move has seen the ...
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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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