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GBP/EUR makes new 3-1/2 year highs as market cuts euro exposure

09/07/2012 | OzForex

United States Dollar: The sluggish performance of the pound versus the US dollar was very much at odds with the UK's currency outperformance against the euro on Friday as GBP/USD declined by as much as 0.4% to an afternoon low of 1.5462 as US non-farm payrolls data for June ...
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GBP/EUR breaks 1.2500 as ECB cuts deposit rate to zero

06/07/2012 | OzForex

United States Dollar: Moves in the currency markets were defined by the actions of three major central banks yesterday as the Bank of England, the European Central Bank, and the People’s Bank of China all announced measures aimed at supporting growth in their respective ...
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Poor services PMI cements case for further QE from Bank of England

05/07/2012 | OzForex

United States Dollar: Out of the three PMI's the services report is by far the most important for the UK due to the dominant role that the sector plays in Britain's economy. Thus news on Wednesday that UK service sector activity grew at a much slower pace than anticipated in ...
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Consolidation moves to continue as investors await Thursday''s rate decisions

04/07/2012 | OzForex

United States Dollar: Tuesday's FX price action was still broadly in consolidation mode after last week’s EU summit induced fireworks and movement in GBP/USD was particularly slow, with the pair trading in a narrow 1.5658/1.5709 range. Market reaction to a disappointing UK ...
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EUR peels away from Friday''s highs as summit euphoria fades

03/07/2012 | OzForex

United States Dollar: Sterling fell against the USD during morning dealing on Monday, hindered by the release of June’s UK manufacturing PMI number which came in at 48.6, above the market consensus and rebounding from May’s abysmal reading of 45.9, but below the key ...
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EUR rallies as investors greet the outcome of the 19th EU summit as a success

02/07/2012 | OzForex

United States Dollar: Sterling rallied strongly against the US dollar on Friday as risky FX received a boost on the back of a surprisingly better than expected outcome of the 2-day EU leaders summit in Brussels. The pound rose by about 1% against the USD on the day, trading ...
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EUR rallies in overnight trading as EU leaders agree on Spanish bank loans deal

29/06/2012 | OzForex

United States Dollar: Sterling continued its recent poor run of form against the US dollar on Thursday as GBP/USD fell to a 2-week low of 1.5486 during late afternoon trading, hindered by the release of the final iteration of UK Q1 growth figures which cemented the UK economy's ...
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Headline risk looms large over currency markets as 2-day EU summit commences

28/06/2012 | OzForex

United States Dollar: GBP/USD finished Wednesday well off its morning highs of 1.5634, pressured lower by a report published by the British Bankers Association which showed that the number of loans provided to purchase homes in May fell to their lowest levels in more than a ...
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Range bound price action to persist ahead of EU summit

27/06/2012 | OzForex

United States Dollar: Another day of fairly weak price action prevailed on Tuesday, with UK public finances data and bank of England MPC member testimony at the Treasury Select Committee hearing the highlights of an otherwise light day for tier 1 economic data, with the ...
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Fading hopes ahead of EU summit push EUR lower across the board

26/06/2012 | OzForex

United States Dollar: With no tier 1 economic data and a market preparing for the results of the now well anticipated EU summit at the end of this week it was probably no surprise that moves in the currency markets were pretty subdued yesterday and GBP/USD was no exception to ...
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