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US markets now driven by Twitter and TV. No UK economic data today, but watch for any comments about next week’s Brexit Summit

16/03/2018 | OzForex

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Political drama on both sides of the Atlantic but currency markets are very calm

15/03/2018 | OzForex

Wednesday 15 March Great British Pound We wondered yesterday morning whether the British Pound could hold onto the gains made on the back of the Chancellor’s Spring Statement. As we noted here, “Rarely has such poor news been so well ...
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Chancellor’s Spring Statement is at 12.30pm. UK economic forecasts could be upgraded. Watch also US CPI for clues on interest rates.

13/03/2018 | OzForex

The British Pound finished on Monday as the top performer of the day, just edging the Australian Dollar into second place on our one-day table.
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A very quiet start to the week. UK Spring Statement and US CPI are highlights on Tuesday. GBP opens steady at USD1.38 and EUR1.12

12/03/2018 | OzForex

As of Friday morning in London, GBP/USD was exactly unchanged on the week around 1.38 though by 3pm it had rallied almost three quarters of a cent to USD1.3875.
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Trump tariffs allow exemptions for Canada and Mexico. EUR lower after ECB, GBP awaits data on industrial production. US employment numbers out this afternoon.

09/03/2018 | OzForex

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Currency and stock markets very quiet ahead of ECB meeting. No UK economic data scheduled for release today.

08/03/2018 | OzForex

The British Pound was lower for much of the day on Wednesday but a late afternoon rally left it little changed against a recovering US Dollar and the EUR
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US stocks and dollar lower as Trump’s chief economic advisor quits. EUR up as Italian parties trade insults. GBP mixed ahead of EU response to Brexit speech.

07/03/2018 | OzForex

Wednesday 7 March Great British Pound After Monday’s table-topping performance, Tuesday was a much poorer day for the GBP which fell against four of the five other currencies we follow closely here. The biggest fall (-0.7%) came against ...
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After a strong Monday, GBP slips a little on EU advisor comments. EUR recovers despite Italian elections. USD steady after big stock market rally.

06/03/2018 | OzForex

Tuesday 06 March Great British Pound The British Pound had a good day on Monday, as an apparent truce between the warring factions of the Conservative party and some decent economic data brought a recently-rare combination of good news. As ...
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US President announces trade tariffs, sends stocks and USD lower. GBP awaits Prime Minister’s keynote Brexit speech.

02/03/2018 | OzForex

The pound’s bad week got even worse on Thursday, though the pace of its losses was much slower than over the previous few days.
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GBP steadies after sharp Brexit-driven falls. USD extends recent gains. Attention now switches to manufacturing PMI surveys around the world.

01/03/2018 | OzForex

Thursday 01 March Great British Pound We warned here yesterday that “another tricky day lies ahead for the pound”. It did indeed have a very bad day on Wednesday; bottom of our one-day performance table by quite a margin, with losses ...
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