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Euro Gains In Early Session After Sharp Friday Decline

The Euro gained a bit of ground on the US dollar in early trading, after a hefty fall on Friday when encouraging US data was released, with better than expected figures on retail sales and consumer sentiment in the US. The Euro stood at 1.1317 dollars at 9AM, versus 1.1309 dollars on Friday close. The [...]

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Euro Exchange Rates Pushes Higher Against Majors

After the UK’s latest Consumer Price Index showed that annual non-core inflation returned to negative territory in September the Pound plummeted across the board. The GBP/EUR exchange rate slumped to a five-month low, falling to trade in the 1.33 region, while GBP/USD hit 1.52. Sterling also shed earlier gains against peers like the Australian and [...]

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Pound Makes A Response To Production Figures

After trending in a weaker position against peers like the Euro and US Dollar at the beginning of the week, the Pound staged an impressive rebound on Wednesday following the publication of the UK’s latest Industrial and Manufacturing Production figures. Industrial Production was shown to have increased by 1.0% on the month, smashing forecasts for [...]

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Demand For GBP Grows At Speculation of US Interest Rate Hike

As traders await the UK Markit Construction PMI (forecast to tick higher from 57.3 to 57.5) the Pound edged higher versus its major peers. The appreciation can be linked to predictions that the Federal Reserve will hike the benchmark interest rate within 2015 after policymaker John Williams backed comments made earlier by Chairwoman Janet Yellen. [...]

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GBP Softens in Early Session

After domestic data showed that British Consumer Confidence dropped beyond expectations in September, the Pound softened versus most of its major peers. Sterling depreciation has been minimal in the early stages of Wednesday’s European session, however, thanks to a 0.5% rise in September’s monthly Nationwide House Prices report. As traders await the final figure for [...]

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Pound Trending Lower Again As BoE Comments Cause Concern

The Pound was left trending lower against the majority of its currency counterparts on Thursday as yet more conflicting commentary from the Bank of England (BoE) weighed on UK interest rate hike expectations. This time it was MPC member Ben Broadbent speaking out, with the official asserting that even without the situation in China he [...]

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GBP Rate Takes Modest Gains Towards Weekend

With little fresh domestic stimulus to react to, holders of the Pound opted against embarking on large trades yesterday. However, data released in the US, showing that growth rebounded in the second quarter, helped Sterling to appreciate against the risk-sensitive commodity bloc as Fed rate hike bets improved slightly. Before the weekend demand for the [...]

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