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Markets quiet in run up to BOE Inflation Report

08/08/2012 | OzForex

United States Dollar: It remains quiet in FX markets this morning. GBP/USD has drifted lower after hitting a high of 1.5680 yesterday morning. Although negative, data from the UK actually showed that industrial output fell by less than expected in June, signalling that the UK ...
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Growing optimism over an ECB bond-buying programme lifts the euro

07/08/2012 | OzForex

United States Dollar: It’s been a fairly quiet last 24 hours in the FX market. GBP/USD fell to a low of 1.5550 yesterday morning as traders in London took profit on long GBP positions. The pair then shot higher on the back of London fixing at 4pm and ended up trading to a ...
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Risk on following better than expected US jobs data on Friday

06/08/2012 | OzForex

United States Dollar: The pound opens a touch higher vs. the US dollar this morning, buoyed by a rally in global risk appetite towards the end of last week. Although investors were initially left disappointed by Draghi’s monetary policy press conference, over a lack of ...
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Euro weaker as ECB fails to deliver. Eyes now turn to US NFP.

03/08/2012 | OzForex

United States Dollar: The Bank of England announced that they would be leaving interest rates on hold for the next month yesterday and as expected did no add further QE. This comes despite evidence lately of an ailing UK economy. The bank has preferred to sit on its hands for ...
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Potentially volatile session ahead as markets await news of possible ECB stimulus and BOE decision

02/08/2012 | OzForex

United States Dollar: GBP/USD has drifted lower over the last 24 hours and opens this morning at 1.5538 down from yesterday’s London opening level of 1.5680. Two lots of weaker than expected UK data were partly to blame; Nationwide house price figures showed another price ...
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Market awaits US FOMC decision

01/08/2012 | OzForex

United States Dollar: Cable traded in a choppy fashion yesterday as month-end flows and position squaring ahead of today’s highly anticipated FOMC decision dominated the FX markets. GBP/USD fell by as much as half a cent to a low of 1.5624 during afternoon trading, but ...
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Range bound moves likely to persist ahead of FOMC decision

31/07/2012 | OzForex

United States Dollar: Sterling fell back from its recent 5-week highs against the USD on Monday, trading to a low of 1.5673, as poor UK economic data combined with weakness in the EUR/USD pair dragged cable lower. Bank of England data showed that UK mortgage approvals fell in ...
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Central bank decisions to dominate the FX market this week

30/07/2012 | OzForex

United States Dollar: GBP/USD performed strongly on Friday, rising to a 5-week high of 1.5768 as risk sentiment continued to be well supported and EUR/USD tracked higher. Although the prevailing “risk on” mood meant that the USD continued to trade lower against its ...
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GBP/USD trades back above 1.5700 on Draghi comments

27/07/2012 | OzForex

United States Dollar: GBP/USD closely tracked the impressive move higher in EUR/USD yesterday, topping out at 1.5724 from morning starting levels below the 1.5500 handle, giving a healthy 1.2% gain for the pound on the day and making the abysmal UK Q2 GDP numbers released on ...
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UK GDP miss casts doubt over pound''s "safe-haven" status

26/07/2012 | OzForex

United States Dollar: Cable sold off to 1.5470 from 1.5530 on the release of a much weaker than anticipated UK Q2 GDP print yesterday which showed that the British economy contracted by more than three times the rate most analysts had expected in the second quarter of 2012. ...
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