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GBP falls back as Bank of England cuts UK growth forecasts

17/05/2012 | OzForex

United States Dollar: GBP/USD sold off to a low of to a four week low of 1.5889 in the wake of the more dovish than expected Bank of England Inflation Report yesterday as the central bank governor Mervyn King noted that the UK recovery is likely to be slow and uncertain, with ...
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USD rallies across the board as final Greek coalition talks collapse

16/05/2012 | OzForex

United States Dollar: The USD pushed higher across the board on Tuesday as risk aversion once again dominated financial markets, which saw the Dollar Index (a measure of the value of the US currency versus a basket of its most often traded counterparts) post a 12th ...
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Sterling makes fresh 3-1/2 year highs against the euro

15/05/2012 | OzForex

United States Dollar: Risk was well and truly off on Monday, with the USD continuing to strengthen on the back of strong safe haven demand as markets remained nervous due to the ongoing political deadlock in Athens. GBP/USD traded with a steady tone for most of the day but gains ...
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Focus set to remain on European political impasse

14/05/2012 | OzForex

United States Dollar: Cable fell victim to a marked decline in risk sentiment on Friday, with the USD catching its familiar safe haven bid as investors tried to shield themselves from the prevailing political uncertainty in Greece, and weaker than expected Chinese economic data ...
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GBP/EUR breaks 1.2500 in overnight trading

11/05/2012 | OzForex

United States Dollar: As widely expected the Bank of England left its benchmark interest rate unchanged and held its quantitative easing programme at £325 billion yesterday. Although this outcome was widely priced into the market GBP/USD rallied to a high of 1.6182 on the ...
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GBP strong across the board, Bank of England set to remain on hold today

10/05/2012 | OzForex

United States Dollar: GBP outperformance was notable in the FX markets on Wednesday, as sterling approached a near three-year trade weighted high against a basket of other currencies. The notable exception was the pound’s performance against the USD, as cable traded to a ...
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GBP/EUR close to 3-1/2 year highs as Greek uncertainty weighs heavily on EUR

09/05/2012 | OzForex

United States Dollar: With London traders back at their desks after bank holiday Monday we saw risk get sold off on Tuesday, sending GBP/USD to a low of 1.6124 from an early high of 1.6183. For the rest of the day cable was confined to a 60 point range as risk flows continued to ...
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Market focus to remain on implications of last weekend''s European elections

08/05/2012 | OzForex

United States Dollar: With many market participants away from their desks in observance of the UK May bank holiday yesterday the FX markets were pretty quiet with risk flows broadly dictating price action in the USD. In the wake of the poor US Non-Farm Payrolls number on Friday ...
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European political uncertainty pushes GBP/EUR over 1.2400

07/05/2012 | OzForex

United States Dollar: The main event for investors on Friday was US Non-Farm Payrolls and the all-important jobs number from the world's biggest economy was unequivocally negative with only 115,000 workers added to payrolls in April, 45,000 less than most economists had forecast ...
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Sterling just off 32-month trade weighted highs; US Non-Farm Payrolls to take centre stage today

04/05/2012 | OzForex

United States Dollar: Sterling was unable to make much headway against the USD on Thursday, trading in a 1.6160/1.6215 range, a consequence of a broadly stronger greenback with investors bidding up the worlds reserve currency as risk appetite declined and positioning ahead ...
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