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Sterling rises to a two-week high versus the USD

19/07/2012 | OzForex

United States Dollar: GBP initially declined on the release of the Bank of England minutes yesterday, a likely consequence of the fact that it was revealed that the UK central bank had discussed a possible cut to the 0.50% bank rate at their last policy meeting. The minutes also ...
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Market focus on UK jobs data and Bank of England minutes

18/07/2012 | OzForex

United States Dollar: A weaker than expected UK inflation number for June took GBP/USD off its early highs around 1.5668 on Tuesday and losses for the GBP/USD pair continued into the afternoon as Fed Chairman Ben Bernanke told lawmakers that the US central bank stood ready to ...
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Market awaits Fed Chairman Bernanke''s testimony

17/07/2012 | OzForex

United States Dollar: The main theme driving the FX markets on Monday was USD weakness on the back of the third consecutive monthly decline in US retail sales figures, the first time this has occurred since 2008. Predictably the soft domestic economic data prompted market ...
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Sterling remains close to 3-1/2 year highs versus troubled euro

16/07/2012 | OzForex

United States Dollar: GBP/USD ended the week on a strong note with the pair closing on Friday at its highs around 1.5580. The catalyst for the break higher in risky FX wasn’t ever established but short covering in EUR/USD on reports of a large interbank EUR ...
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GBP falls to a 5-week low against the USD

13/07/2012 | OzForex

United States Dollar: GBP fell to a 5-week low of 1.5393 versus the US dollar yesterday as the world’s reserve currency continued to be strongly underscored by a safe-haven bid, with the USD index (which measures the performance of the US dollar versus its major ...
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EUR continues its decline against USD and GBP

12/07/2012 | OzForex

United States Dollar: GBP/USD started the day strongly yesterday with the pair seeing good interbank demand take it through resistance at 1.5500 onto an intraday high of 1.5578. Unfortunately the gains for the pound didn’t last as selling in the GBP/EUR cross and a ...
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GBP makes new highs above 1.2600 against troubled EUR

11/07/2012 | OzForex

United States Dollar: Better than expected UK manufacturing and industrial production numbers boosted cable from 1.5505 to 1.5550 during morning dealing on Tuesday but this level capped any further gains for the day with GBP/USD falling to a low of 1.5478 during afternoon ...
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GBP remains close to 3-1/2 year highs versus EUR

10/07/2012 | OzForex

United States Dollar: Monday was a day of relative calm in the FX markets with little in the way of tier 1 economic data to drive market sentiment. GBP/USD edged slightly higher on the day, holding above the monthly low of 1.5460 that the pair hit on Friday, but cable could only ...
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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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