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GBP makes new highs above 1.2600 against troubled EUR

11/07/2012 | OzForex

United States Dollar: Better than expected UK manufacturing and industrial production numbers boosted cable from 1.5505 to 1.5550 during morning dealing on Tuesday but this level capped any further gains for the day with GBP/USD falling to a low of 1.5478 during afternoon ...
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GBP remains close to 3-1/2 year highs versus EUR

10/07/2012 | OzForex

United States Dollar: Monday was a day of relative calm in the FX markets with little in the way of tier 1 economic data to drive market sentiment. GBP/USD edged slightly higher on the day, holding above the monthly low of 1.5460 that the pair hit on Friday, but cable could only ...
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GBP/EUR makes new 3-1/2 year highs as market cuts euro exposure

09/07/2012 | OzForex

United States Dollar: The sluggish performance of the pound versus the US dollar was very much at odds with the UK's currency outperformance against the euro on Friday as GBP/USD declined by as much as 0.4% to an afternoon low of 1.5462 as US non-farm payrolls data for June ...
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GBP/EUR breaks 1.2500 as ECB cuts deposit rate to zero

06/07/2012 | OzForex

United States Dollar: Moves in the currency markets were defined by the actions of three major central banks yesterday as the Bank of England, the European Central Bank, and the People’s Bank of China all announced measures aimed at supporting growth in their respective ...
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Poor services PMI cements case for further QE from Bank of England

05/07/2012 | OzForex

United States Dollar: Out of the three PMI's the services report is by far the most important for the UK due to the dominant role that the sector plays in Britain's economy. Thus news on Wednesday that UK service sector activity grew at a much slower pace than anticipated in ...
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Consolidation moves to continue as investors await Thursday''s rate decisions

04/07/2012 | OzForex

United States Dollar: Tuesday's FX price action was still broadly in consolidation mode after last week’s EU summit induced fireworks and movement in GBP/USD was particularly slow, with the pair trading in a narrow 1.5658/1.5709 range. Market reaction to a disappointing UK ...
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EUR peels away from Friday''s highs as summit euphoria fades

03/07/2012 | OzForex

United States Dollar: Sterling fell against the USD during morning dealing on Monday, hindered by the release of June’s UK manufacturing PMI number which came in at 48.6, above the market consensus and rebounding from May’s abysmal reading of 45.9, but below the key ...
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EUR rallies as investors greet the outcome of the 19th EU summit as a success

02/07/2012 | OzForex

United States Dollar: Sterling rallied strongly against the US dollar on Friday as risky FX received a boost on the back of a surprisingly better than expected outcome of the 2-day EU leaders summit in Brussels. The pound rose by about 1% against the USD on the day, trading ...
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EUR rallies in overnight trading as EU leaders agree on Spanish bank loans deal

29/06/2012 | OzForex

United States Dollar: Sterling continued its recent poor run of form against the US dollar on Thursday as GBP/USD fell to a 2-week low of 1.5486 during late afternoon trading, hindered by the release of the final iteration of UK Q1 growth figures which cemented the UK economy's ...
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Headline risk looms large over currency markets as 2-day EU summit commences

28/06/2012 | OzForex

United States Dollar: GBP/USD finished Wednesday well off its morning highs of 1.5634, pressured lower by a report published by the British Bankers Association which showed that the number of loans provided to purchase homes in May fell to their lowest levels in more than a ...
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