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Euro Stops Rot After Better than Expected Economic Data

 Sterling struggled against the majors yesterday after the euro recovered on strong eurozone economic data and cable fell below the $1.54 handle versus the dollar. This was despite better than expected UK manufacturing data being released. 284 more words


Is the USD correction over? A look at the week ahead

The USD took a beating for the last week or so partly due to several disappointments in the economic releases. The consumer confidence, new home sales, and core CPI all fell while the unemployment claims rose. 328 more words


02/03/2015 - Quiet Markets - Market Wrap Up

EUR/USD mildly higher at 1.1231, GBP/USD flat at 1.5402 and AUD/USD flat at 0.7785.

Market Wrap Up

Attention Turns to Eurozone CPI Data.

Sterling steadied on Friday after a rollercoaster week which has seen it scale seven-year highs against the euro even as doubts appear over how much more it can gain ahead of a potentially unsettling election in May. 292 more words

26/02/2015 - Currencies Lower - Market Wrap Up

AUD/USD closed for the week lower at 0.7809, EUR/USD also lower at 1.1194 and GBP/USD at 1.5434.

Market Wrap Up

26/02/2015 - Mixed Markets - Market Wrap Up

EUR/USD lower at 1.1316, GBP/USD steady at 1.55 and AUD/USD at 0.7879.

Market Wrap Up

Sterling Hits Highest Levels vs Euro Last Seen in 2007

An impressive week for the pound has seen yet more multi year highs seen in GBP/EUR and a year high in GBP/USD. Analsyst at Danske Bank highlight that  the stronger UK growth recovery might aid GBP/EUR to move towards 1.3888 in the long-term. 354 more words