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USD slammed lower after officials welcome weaker dollar. GBP surge continues, ECB meeting today keenly awaited for clues.

25/01/2018 | OzForex

Wednesday was a genuinely dramatic day in global FX markets; January 24th 2018 will be remembered as the day in which US Treasury Secretary Steve Mnuchin stated on the record that, “Obviously a weaker dollar is good for us..."
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US Dollar hits fresh 37-month low. Ninth day of gains for GBP/USD ahead of average earnings numbers. Eurozone PMI’s due.

24/01/2018 | OzForex

Wednesday 24 January British Pound (GBP) The pound was up and down in very erratic fashion on Tuesday. It peeped above USD1.40 very early in the European morning then fell all the way back to 1.3925 before then jumping almost a full cent ...
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US Government shutdown underway but USD so far unharmed. ECB Council Meeting on Thursday is the big event of the week.

22/01/2018 | OzForex

The Pound had a very good week, even though incoming economic data was generally soft and there has been no progress at all in Brexit negotiations.
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USD hit by fears of US government shutdown. GBP and EUR very close to 2018 highs, AUD back on 80 cents.

19/01/2018 | OzForex

The British Pound continues to trade in quite wide ranges against the USD with another 100 pips separating the high and low on Thursday.
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US stocks hit new record highs. GBP and EUR both lower after reaching fresh 2018 peaks. FX markets becoming much more volatile

18/01/2018 | OzForex

It is not quite yet at Bitcoin levels of randomness and volatility, but the British pound yesterday evening had another totally unexplained surge and reversal with no incoming news at all to support it.
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USD spikes lower overnight but then reverses losses. GBP and EUR both lower after briefly hitting fresh 2018 highs

17/01/2018 | OzForex

There has been a 60 pip jump in EUR/USD and a 40 pip jump in GBP/USD which was entirely unexplained by any news story or headline.
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GBP a touch weaker ahead of CPI data and on fresh Brexit news. USD steadies after Monday’s sharp drop.

16/01/2018 | OzForex

It’s quite unusual to begin a commentary on the GBP by noting that it is lower than last night’s closing levels.
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GBP and EUR steady after last week’s surge.

15/01/2018 | OzForex

The Pound starts the week after an enormous swing from Thursday’s low to Friday’s close and one of the biggest daily rallies in recent memory.
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EUR extends gains against GBP after ECB shock. USD steady at lower levels ahead of CPI figures today.

12/01/2018 | OzForex

The GBP had a classic day of two halves on Thursday; weak in the morning after the publication of the BoE Credit Conditions Survey (see below) but then rallying hard against the USD – but not the AUD, NZD or EUR - during the London afternoon.
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US recovers all its losses after China calls bond buying story “fake news”. GBP is weakest of the major currencies

11/01/2018 | OzForex

The GBP was notably weak early on Wednesday, hitting a fresh 2018 low of USD1.3486 before jumping more than half a cent on the Chinese comments about buying US bonds (see US Dollar).
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