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US Presidents Day holiday today. Stock markets opening higher, GBP a little softer after EU Verhofstadt’s Sunday TV interview.

19/02/2018 | OzForex

Monday 19 February Great British Pound The GBP had a very good week despite the softness of economic activity data. It began last Monday around USD1.3820 and moved higher on Tuesday after CPI figures showed the UK inflation rate stuck at 3.0% ...
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USD index falls to lowest since November 2014 even as 10-year bond yields hit 2.91%. GBP/USD back at 1.41 ahead of UK retail sales.

16/02/2018 | OzForex

After the dramas around US CPI earlier in the week, the pound was then the quickest of all the major currencies to reverse its losses and went on to a day’s high just below 1.4000
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After some wild swings on Wednesday, GBP/USD is back at 1.40 and AUD/USD at 79 cents. Stock markets are up again despite higher US bond yields.

15/02/2018 | OzForex

Thursday 15 February British Pound Wednesday was a day of some stunning reversals in global equity and foreign exchange markets. Immediately prior to the US CPI release, the Dow Jones Industrial Average was up 150 points at ...
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Stock markets rally ahead of US CPI this afternoon. USD and GBP worst performers overnight. UK Foreign Secretary’s Brexit speech now awaited.

14/02/2018 | OzForex

The British Pound had a better day on Tuesday, finishing in second place behind the EUR on our one-day performance table, with GBP/USD having been up on a 1.39 handle for the first time since Friday and GBP/AUD having briefly revisited 1.77.
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UK CPI will be key for GBP. Watch the US NFIB survey for any signs of wage pressure which could upset stock markets.

13/02/2018 | OzForex

By the time London traders headed for the train home on Monday, the DJIA was up almost 400 points and a few hours later it officially closed up 410 points with the S&P 500 index up 1.4% at 2656.
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Stock markets open higher. Key data this week is UK CPI on Tuesday and US CPI on Wednesday as investors seek clues on inflation outlook.

12/02/2018 | OzForex

Monday 12 February British Pound (GBP) So far, we’ve only had one of the fifteen trading sessions that we get each week across the three major time-zones, so it’s unwise to draw any firm conclusions from the price action. That ...
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Stock market turmoil continues. GBP gets a boost from BoE rate hike talk though it does depend on smooth Brexit progress.

09/02/2018 | OzForex

Friday 9 February British Pound (GBP) We warned yesterday to watch out for a choppy day for the pound, not least because there was such a split of expectations on the timing of the next Bank Rate hike that there were bound to be analysts, ...
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It’s ‘Super Thursday’ for the Bank of England: MPC meeting and Quarterly Inflation Report mean a choppy day ahead for the GBP

08/02/2018 | OzForex

Yesterday morning in Europe, GBP/USD made another attempt to get back on to a 1.40 ‘big figure’ but fell short by just a few pips before then losing more than a full cent against a strongly recovering US Dollar to a low in the mid-1.38’s.
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Currencies generally calm amidst stock market volatility with no major economic releases today. GBP/USD trying to regain 1.40.

07/02/2018 | OzForex

Having broken down through USD1.40 on Friday evening, the Pound’s fall accelerated in Europe on Tuesday, reaching the mid 1.38’s during the London afternoon immediately prior to the opening of the US stock market.
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After turmoil in US stocks, currencies are relatively quiet. GBP steady at lower levels, RBA leaves rates unchanged.

06/02/2018 | OzForex

The pound had a bad day on Monday as the combination of domestic political uncertainty, the resumption of formal Brexit negotiations and poor incoming economic data finally took its toll.
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