GBP/USD dropping towards 1.63 handle

GBP/USD has dropped to mark a low of 1.6321 in an avalanche while the USD has been bid across the board and also supported by steady retail sales data.
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Flash: RBNZ indicate rates will rise - Rabobank

A research team at Rabobank said that overnight the RBNZ gave a clear indication that rates will rise in 2014.
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