GBP/USD testing offers near 1.3500 as Brexit concerns intensify
GBP/USD appears to pause its recovery from two-month lows of 1.3424 in early Asian dealings on Monday, as Brexit concerns are seen returning, spoiling the party for the GBP trading. The 1.3500 remains a tough nut to crack for the GBP bulls, as the Irish Foreign Minister Simon Coveney warned against the UK government’s readiness to trigger Article 16 of Northern Ireland.
GBP/USD Weekly Forecast: UK growth and US inflation data leave no room to rest after the crash
The first week of November has been one to remember – a crash of nearly 300 pips due to BOE's "close call" to refrain from raising rates and the Fed's expected, yet marginally hawkish tapering decision. Politics on both sides of the pond may now move from the back burner to the fore.
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EUR/USD pares gains below 1.0500 amid Conservatives German election win
EUR/USD pares gains back below 1.0500 in the European session on Monday. The pair still stays supportec by the German Conservatives Party win in the federal election, which revived hopes for better economic outlook. The upside remains elusive due to a cautious mood and mixed German IFO data.
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GBP/USD eases to near 1.2650 ahead of BoE-speak
GBP/USD reverses gains to trade near 1.2650 in European trading on Monday. The pair eases as the US Dollar pauses its decline but the downside appears capped ahead of speeches from several BoE policymakers.
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Gold price continues with its struggle to gain any meaningful traction and remains confined in a multi-day-old trading range through the first half of the European session on Monday. Investors remain worried that Donald Trump's trade tariffs would trigger a global trade war which continues to act as a tailwind for the safe-haven bullion.
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Solana drops below $160, liquidating $26 million in leverage as negative funding rate weighs in
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We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than anticipated, similar to the UK. In the eurozone, unsecured rates remain elevated.
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