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Sterling crosses react to credit rating cut....

25/02/2013 | OzForex

United States Dollar Cable was already under immense pressure last week. The bad run of economic data undermining confidence in the UK economy was further exacerbated by the BoE, who continues to provide the ultimate impetus for Sterling selling. Just as the weekend look ...
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UK Public Sector Borrowing Surplus provides some respite for the ailing pound

22/02/2013 | OzForex

United States Dollar: GBP/USD staged a mild recovery yesterday and overnight, this following a week of heavy losses. After falling below 1.5200 and at one stage close to the 1.5100 level earlier in the week, cable opens this morning at 1.5277. In fact it traded to an overnight ...
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A combination of BoE and Fed Minutes sees GBP/USD fall sharply

21/02/2013 | OzForex

United States Dollar: It was one-way traffic for the pound yesterday. MPC Minutes were released by the Bank of England at 9:30 and showed that 3 members voted for an increase in QE, compared to just 1 member last month. Governor King was one of those in favour of more stimulus, ...
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GBP/USD tests 1.5400 ahead of BOE Minutes today

20/02/2013 | OzForex

United States Dollar: Cable was steady for most of the morning yesterday and it spent most of the morning trading just shy of the 1.5500 figure. There was no economic data released yesterday morning. Come the afternoon though a rumour that Standard and Poor’s were close to ...
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Milk and Weale behind market moves...

19/02/2013 | OzForex

United States Dollar Cable consolidated yesterday with the pair trading just below 1.550 for most of the day. With no major data for markets to react to, and the US celebrating President’s Day, Monday provided a brief respite of sorts. Sterling did come under pressure ...
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Busy week looks set to test major crosses...

18/02/2013 | OzForex

United States Dollar Friday was another disappointing day for Sterling. UK retail sales fell significantly in January, bucking the trend of negative Sterling sentiment throughout last week. US data was impressively good in contrast, with both manufacturing and consumer ...
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Eurozone GDP sinks as markets await G20...

15/02/2013 | OzForex

United States Dollar Equity markets dropped yesterday and the decline in risk appetite hit Dollar crosses. With no data from the UK, market focus was on European and US releases. EU GDP figures were very poor kick-starting diversification into safer-havens. Decent US ...
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Sterling dumped before Valentine’s Day…

14/02/2013 | OzForex

United States Dollar: Cable fell sharply as investors reacted to a number of issues yesterday. Selling pressure has continued this morning, with GBPUSD slipping to 1.55; a key technical level from the January high and the lowest price since 3rd August 2012. EURUSD also saw a ...
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G7 fails to ease tension…

13/02/2013 | OzForex

United States Dollar: GBPUSD has now fallen around 5% from the high reached in January. Another volatile day on the currency markets yesterday saw cable test 6-month-lows. Little suggests this trend is going to end soon, though we do hope today will bring a little clarity as the ...
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Sterling under pressure as inflation report looms...

12/02/2013 | OzForex

United States Dollar: Cable fell sharply yesterday as market focus shifted back to the weakness of the UK’s economy and possible easing measures in the near future. GBPUSD starts today back at 1.5650 after falling 160pips from yesterday’s high. With no major data for ...
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