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Markets await UK GDP this morning

26/02/2014 | OzForex

United States Dollar: The Pound started yesterday on a positive note with the two UK data releases of any note coming out better than forecast. The British Bankers Association Mortgage Approvals came out much better than expected at 50k for January (exp 47.9k). This was a 38% ...
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Markets look to UK Inflation Report Hearings

25/02/2014 | OzForex

United States Dollar: On a data-thin day yesterday GBP/USD started with a fall at the start of London trading on the back of comments made by Bank of England Governor Mark Carney made on Australia''s ABC Radio. There was nothing new said, he defended forward guidance and said ...
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Quiet start to the week

24/02/2014 | OzForex

United States Dollar: Friday saw a worse than expected UK Retail Sales release with month on month sales for January printing -1.5% (est -0.9%). Cable had started the London trading day at 1.6670 and briefly touched 1.6610 after the release. After Decembers record breaking ...
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MPC Member Weale Predicts Spring 2015 Rate Rise

21/02/2014 | OzForex

United States Dollar: UK data was thin on the ground yesterday with only a disappointing CBI Industrial Orders release coming out at a worse than expected reading of 3 for last month. Cable barely moved on the news as markets awaited the releases from across the Atlantic. First ...
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Dollar strengthens as FOMC strike hawkish tone

20/02/2014 | OzForex

United States Dollar: GBP/USD rallied through 1.67 yesterday morning as traders repositioned their books ahead of the UK employment data and MPC minutes. In a volatile morning session it then gapped lower from 1.6730 as the data showed the UK unemployment rate rose to 7.2% y/y ...
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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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