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UK unemployment and MPC minutes in focus

19/02/2014 | OzForex

United States Dollar: The pound fell on Tuesday following the release of weaker than expected inflation data. The Consumer Price Index fell to 1.9% y/y vs. expectations for 2%. GBP/USD was falling in advance of the data yesterday and then fell again after the news to a low of ...
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Profit takers emerge in GBP/USD

18/02/2014 | OzForex

United States Dollar: UK economic data was lacking on Monday and it was a US public holiday but it didn’t mean FX markets were quiet. After pushing through 1.68 early in the morning on Monday, cable fell back towards 1.67 as London and New York sessions kicked in. With UK ...
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Momentum with the pound as it pops through 1.68

17/02/2014 | OzForex

United States Dollar: GBP/USD has traded to a new range high, hitting 1.6820 overnight. A combination of improving risk sentiment, a weaker dollar and generally strong GBP fundamentals have contributed over the last week and as they say: “the trend is your friend”. ...
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GBP/USD breaks 1.67 and closes in on four year high

14/02/2014 | OzForex

United States Dollar: The pound has continued its advance over the last day, supported still by Governor Mark Carney’s upgrades to the bank’s GDP forecast earlier in the week and changes to the Bank of England’s forward guidance. More recently it’s ...
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GBP surges on BOE forward guidance

13/02/2014 | OzForex

United States Dollar: Sterling surged against all of its Major counterparts yesterday as the Quarterly Bank of England Inflation report saw Governor Mark Carney state the banks Interest rate policy has been overhauled to reflect improvements in the UK recovery. With unemployment ...
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Inflation Report likely to decide near term

12/02/2014 | OzForex

United States Dollar: GBP/USD dipped back below 1.64 yesterday morning as EUR/GBP cross trading weighed on cable. It then slowly appreciated in the run up to Fed Chair Janet Yellen’s first testimony before the U.S. House Committee. In her speech, which combined with a ...
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AUD breaks higher after strong business confidence data

11/02/2014 | OzForex

United States Dollar: It was a quiet day yesterday in FX markets. There was little by way of economic data whilst markets have been taking a cautious approach in the run up to Fed Chair Yellen’s testimony today and the BoE Inflation Report tomorrow. Investors will be ...
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US dollar falls back after disappointing payrolls

10/02/2014 | OzForex

United States Dollar: UK economic data released on Friday was disappointing. Both Manufacturing Production and Industrial Production for December printed below market expectations at 0.3% and 0.4% respectively. At the same time however UK Trade Balance was released and showed ...
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Euro rallies after ECB leave rates on hold

07/02/2014 | OzForex

United States Dollar: As expected yesterday the Bank of England left interest rates and QE on hold. There was no accompanying statement and GBP/USD was unmoved following the announcement. It was then dragged higher by the heavy bids in EUR/USD, this following ECB President ...
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Calm before ECB and US jobs storm

06/02/2014 | OzForex

United States Dollar: Ranges in FX have been fairly narrow over the last 24 hours as investors await today’s central bank announcements and U.S. Non-Farm Payrolls on Friday. The pound was initially sold yesterday morning though, this following the release of weaker than ...
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