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Dollar firmer as September rate hike remains on the cards

30/07/2015 | OzForex

United States Dollar: The pound rallied yesterday and pushed through 1.56 vs. the dollar. At one stage it looked like it might break 1.57, but traded to an eventual high of 1.5687. It was an odd move with the FOMC statement due that evening, but with UK GDP printing onside ...
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Markets steady in run up to the Fed statement

29/07/2015 | OzForex

United States Dollar: UK Q2 Prelim GDP printed in line with market forecasts yesterday at 0.7%. It shows that the UK economy is back on course, this following a Q1 reading of 0.4%. It goes some way to supporting the more hawkish stance taken by Bank of England officials last ...
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Pound rises on UK GDP data

28/07/2015 | OzForex

United States Dollar: GBP/USD rose during yesterday’s session hitting a late afternoon peak of 1.5595 around a cent higher than its low earlier in the day. The dollar weakness came about as Core Durable Goods Orders for June printed 0.8% growth, higher than the 0.4% ...
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Dollar dumped as Fed accidentally release report for staff projections

27/07/2015 | OzForex

United States Dollar: GBP/USD slipped under 1.55 on Friday, dragged lower by increased selling in the EUR/USD pair. It recovered once US markets came online however – the dollar was sold following the accidental release of staff forecasts by the Federal Reserve. The ...
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Pound falls on poor retail sales data

24/07/2015 | OzForex

United States Dollar: The pound fell yesterday as UK Retail Sales missed forecast by some distance. With the markets pricing in growth of 0.4% the release printed -0.2% with falls in food shopping, household goods shopping and petrol purchases being blamed for the drop. Cable ...
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MPC vote unchanged at 9-0 - Greek parliament passes latest reforms

23/07/2015 | OzForex

United States Dollar: The minutes from the Bank of England’s latest Monetary Policy Committee meeting were released yesterday showing that policy makers were again unanimous in voting to hold Bank Rate at its record low of 0.5%. The 9-0 vote was expected by most ...
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Markets await MPC Minutes

22/07/2015 | OzForex

United States Dollar: Yesterday was relatively quiet data-wise with few releases of note. Cable started the day at around 1.5590 and fell back to a low of 1.5530 early on as some profit -taking took place. It’s bounced back this morning as the markets look forward to a ...
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Greece pays debts to IMF and ECB

21/07/2015 | OzForex

United States Dollar: The pound has clawed back some of its losses from yesterday after it was sold off as the London session began. After a small rise it fell back from a high of around 1.5625 to find support at 1.5540. The pound rose throughout last week as comments by Mark ...
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Sterling’s gains continue on future UK rate hike expectations

20/07/2015 | OzForex

United States Dollar: GBP/USD saw a small decline on Friday as US core CPI figures came in on target. The morning saw the pound on the up as markets continued to factor in a potential UK interest rate rise in the next 6 months (see Fridays Commentary). Sterling dollar peaked ...
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Sterling rises after Carney rate hike comments

17/07/2015 | OzForex

United States Dollar: It was another good day for the pound yesterday as bank of England Governor Mark Carney hinted that UK rate rises are due to rise in around six months. In a speech at Lincoln Cathedral discussing the UKs economic outlook and future monetary policy ...
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