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GBP lower this morning as retail sales disappoint

23/05/2012 | OzForex

United States Dollar: Sterling suffered under the weight of weaker than expected economic data yesterday as CPI numbers showed that UK inflation fell to 3.0% in April from 3.5% the previous month, its lowest levels since November 2009, thereby increasing the likelihood that the ...
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GBP falls back on moderating inflationary pressures

22/05/2012 | OzForex

United States Dollar: With no significant economic releases from either the UK or the US on Monday the GBP/USD pair traded in a narrow 1.5778/1.5841 range, continuing to take direction from wider risk sentiment. Buying in the EUR/GBP pair pushed cable to its lows below 1.5800 ...
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EUR off lows but European uncertainty looks set to continue this week

21/05/2012 | OzForex

United States Dollar: Widespread risk aversion drove sterling to a 2-month low of 1.5732 against the US dollar on Friday, capping off three consecutive weeks of declines in cable as investors continued to seek out safe haven assets amidst the ongoing turmoil in Europe. USD ...
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USD remains safe haven of choice amidst European uncertainty

18/05/2012 | OzForex

United States Dollar: Sterling tumbled to a 1-1/2 month low of 1.5788 against the USD on Thursday as investors continued to sell the UK currency on fears that more quantitative easing might be needed to prop up the British economy after the Bank of England cut its 2012 growth ...
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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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