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Trade weighted GBP hits 2-week high on strong UK jobs data

16/08/2012 | OzForex

United States Dollar: Sterling received a temporary boost higher against the US dollar yesterday as better than expected UK unemployment figures combined with a set of Bank of England policy meeting minutes which made no reference to the possibility of an interest rate cut saw ...
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Market awaits Bank of England minutes

15/08/2012 | OzForex

United States Dollar: Data showing that British inflation levels posted an expected increase in July pushed sterling to a two-week high versus the USD on Tuesday, with cable trading to 1.5730 from around 1.5700 prior to the release. The gains for GBP/USD weren't to last however ...
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UK inflation numbers to set the tone for GBP today

14/08/2012 | OzForex

United States Dollar: Cable managed to trade to a two-week high of 1.5717 yesterday, aided by a marginally weaker USD as investors sold the greenback on expectations that the European Central Bank may soon take firm action to cap lofty Italian and Spanish sovereign bond yields. ...
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Quiet start to the week in prospect amid a lack of economic data

13/08/2012 | OzForex

United States Dollar: Risk demand faded on Friday and GBP/USD lingered around the 1.5600 big figure for much of the day. UK PPI numbers released on Friday also failed to have an impact, coming in much as expected. No significant US data was released on the day either. Risk ...
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Weaker than expected Chinese trade numbers weigh on risk sentiment

10/08/2012 | OzForex

United States Dollar: GBP/USD was pressured lower yesterday falling from 1.5680 to 1.5610. UK trade balance numbers were released that morning and showed the country’s deficit had widened to a record level in the second quarter, increasing to £28.3 billion from ...
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GBP/USD holds firm post BOE Inflation Report

09/08/2012 | OzForex

United States Dollar: GBP/USD sold off to a low of 1.5580 yesterday in advance of The Bank of England Inflation Report. It was expected that Governor King would paint a gloomy picture, downgrade growth and inflation forecasts and signal that further rate cuts and QE would take ...
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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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