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UK inflation data a reality check for the hawks

17/06/2014 | OzForex

United States Dollar: GBP/USD failed to make another push back above 1.70 yesterday. It ticked around in the high 1.69s, buoyed by the hawkish comments from Bank of England officials last week and over the weekend. Former MPC member Adam Posen was speaking yesterday though and ...
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GBP/USD trades above 1.70 for the first time since 2009

16/06/2014 | OzForex

United States Dollar: GBP/USD pushed above 1.70 this morning, this for the first time since the summer of 2009. It made steady gains throughout the day on Friday as investors responded to the hawkish comments by Bank of England Governor Carney at his Mansion House speech last ...
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Carney''s comments boost the pound

13/06/2014 | OzForex

United States Dollar: The pound made steady gains yesterday. It has made even bigger gains overnight, this following Bank of England Governor Mark Carney’s keynote speech at the annual Mansion House dinner on Thursday evening. He said that an interest rate rise ...
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Pound Gains as UK Unemployment Falls

12/06/2014 | OzForex

United States Dollar: Sterling found more support yesterday as the UKs level of unemployment fell faster than expected. Latest figures from the ONS showed that the unemployment level dropped to 6.6% from 6.8%, 0.1% more than had been forecast. The report showed that the number ...
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Euro continues to drift lower as debt yields fall

11/06/2014 | OzForex

United States Dollar: UK Manufacturing and Industrial Production printed in line with market expectations on Tuesday morning, both sets of data coming in at 0.4% m/m. The pound jumped higher as the latter posted its biggest rise since 2011. Sales in EUR/GBP also helped GBP/USD ...
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EUR Weakens in Quiet Start to the Week

10/06/2014 | OzForex

United States Dollar: It was a quiet start to the week in the forex markets with few data releases and Australian, French and German bank holidays adding to thin trading conditions. Cable moved within a 30 pip range throughout the last 24 hours trading between 1.6785 and 1.6815. ...
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Risk on as US jobs data beats expectations

09/06/2014 | OzForex

United States Dollar: GBP/USD ticked slowly higher on Friday morning and traded to a high of 1.6840. FX markets were generally steady during the European am session as investors keenly awaited the release of U.S. Non-Farm Payrolls that afternoon. It turned out to be a strong ...
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ECB Acts to Fight Deflation

06/06/2014 | OzForex

United States Dollar: Yesterday saw the monthly Halifax House Price Index print a much better than expected 3.9% increase on the previous reading. The release commented that housing demand was still strong but also said that the recent surge in building activity should hopefully ...
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All eyes on ECB

05/06/2014 | OzForex

United States Dollar: It looked as though it was going to be a quiet day for the pound yesterday – it wasn’t really. UK Services PMI printed in line with expectations/very slightly better than market expectations at 58.6 in May. GBP/USD broke higher on the news, up ...
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Weak EZ inflation reinforces expectations for ECB action on Thursday

04/06/2014 | OzForex

United States Dollar: GBP/USD has settled lower over the last 24 hours. UK Construction PMI set the tone yesterday morning after it printed weaker than market expectations, easing to 60.0 in May, its lowest level in seven months. GBP/USD dropped from 1.6775 to 1.6760, almost ...
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