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GBP awaits economic data and Brexit progress. USD supported by higher yields but will stock market suffer?

10/01/2018 | OzForex

The pound generally struggled on Tuesday and ended the day the second-weakest of the major currencies after the euro. Overnight in Asia it is bottom of the pile; down against all the currencies we track here.
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USD hits best level of the New Year. EUR weighed by German politics, GBP calm after govt reshuffle.

09/01/2018 | OzForex

After a mixed week in which it raced up to a high of USD1.3608, then came back down equally rapidly to 1.3500 before finishing on Friday evening at USD1.3565, the GBP had another up and down day on Monday.
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GBP lower ahead of Cabinet reshuffle. AUD hit by lower iron ore forecasts. USD edges higher but NZD is top performer so far.

08/01/2018 | OzForex

The British Pound had a mixed week and finished just above the mid-point of its range against the US Dollar.
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USD holding just above recent lows ahead of US employment report. GBP awaits car registration numbers after EUR/USD hits fresh 3-year high

05/01/2018 | OzForex

After a very strong start to the New Year, the GBP has been spinning its wheels as it tries to gain traction.
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FOMC Minutes help support USD. Solid China PMI push AUD and NZD higher. GBP and EUR mixed ahead of economic data.

04/01/2018 | OzForex

The latest UK PMI construction numbers were certainly disappointing, and the year finished in a downbeat fashion.
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GBP/USD hits highest level since the day after the EU referendum in June 2016. USD still struggling around 14-week lows.

03/01/2018 | OzForex

The pound got off to a very good start to the New Year 2018 yesterday, second only to the buoyant Canadian Dollar on the one-day performance table.
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US Dollar at a 14-week low. GBP and EUR to take their early 2018 cues from today’s manufacturing PMI data

02/01/2018 | OzForex

The British Pound had a good week against a very soft US Dollar but was otherwise pretty mixed and overnight it has continued in the same vein.
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US Dollar at a fresh 3-month low; on track to lose almost 9% in 2017. GBP and EUR end the year with positive momentum.

29/12/2017 | OzForex

Like its cricketers, the British Pound had a much better day than might have been expected on Thursday, lagging behind the EUR and CAD but gaining against all the various dollars.
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US Dollar falls to a 3-month low. AUD and NZD at best levels in over 2 months. GBP slips on all its major crosses.

28/12/2017 | OzForex

Thursday 28 December British Pound (GBP) The GBP had a day of two halves on Wednesday in the Northern Hemisphere. In London trading, the pound moved sharply higher once stops were hit around last Friday’s intra-day high of 1.3390. ...
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USD falls to a 3-week low. AUD and NZD at best levels in over 2 months. GBP little changed after Christmas holidays

27/12/2017 | OzForex

Foreign exchange markets were open on Christmas Day in Asia and on Boxing Day in North America too. Having closed last week around USD1.3365, the British Pound initially fell to the low 1.3350’s at the start of Tuesday’s New York session before rallying u
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