Sterling is trading back below 1.2700 after the release of the latest UK jobs and wages data. The US dollar has also picked up an early bid, putting pressure on the GBP/USD.
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Sterling is trading back below 1.2700 after the release of the latest UK jobs and wages data. The US dollar has also picked up an early bid, putting pressure on the GBP/USD.
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Gold continues to build on Friday’s safe haven bid while US yields look to extend the multi-day decline. Lower volume trading expected during Martin Luther King Day in the US
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With US markets closed for the Martin Luther King Jr. Federal Bank Holiday, the Euro is picking up a small bid against a range of currencies.
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Outlook on FTSE 100, DAX 40 and Nikkei 225 as the US is shut for Martin Luther King Jn. Day.
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Main considerations for FX markets this week include UK jobs and inflation data, markets just about expecting successive 25 bps cuts from March, and Chinese Q4 GDP
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