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Pound Sterling Price News and Forecast: GBP/USD strengthens on relief rally after UK autumn statement
The Pound Sterling (GBP) drops to near 1.3190 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair falls as the US Dollar extends Monday's recovery move despite weak United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data for November.
United States RealClearMarkets/TIPP Economic Optimism (MoM) above expectations (44.1) in December: Actual (47.9)
United States RealClearMarkets/TIPP Economic Optimism (MoM) above expectations (44.1) in December: Actual (47.9)
New Zealand GDT Price Index declined to -4.3% from previous -3%
New Zealand GDT Price Index declined to -4.3% from previous -3%
Copper rally receives new momentum – Commerzbank
According to Shanghai Metals Market, China's leading Copper smelters have agreed to cut production by more than 10% in the coming year.
Silver price takes off to the next level – Commerzbank
Silver briefly rose to $58.84 per troy ounce, marking a temporary halt after a 10% spike since Friday and lifting its year-to-date gains above 100%.
EUR/CHF stabilizes around 0.92 amid trade deal news – Rabobank
After briefly dipping below 0.92 last month, EUR/CHF has trended higher, supported by Switzerland’s strong economic fundamentals.
Italy Producer Price Index (MoM): -0.2% (October) vs previous 0.2%
Italy Producer Price Index (MoM): -0.2% (October) vs previous 0.2%
Italy Producer Price Index (YoY) fell from previous 1.1% to 0.1% in October
Italy Producer Price Index (YoY) fell from previous 1.1% to 0.1% in October
The S&P 500 is gearing up for a Christmas rally
Rising US Treasury yields and renewed selling of cryptocurrencies have cooled demand in the S&P 500. The broad stock index took a step back after a five-day rally, but its outlook remains bullish.
Pound Sterling weakens against US Dollar ahead of US ADP Employment data
The Pound Sterling (GBP) drops to near 1.3190 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair falls as the US Dollar extends Monday's recovery move despite weak United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data for November.
Euro-area inflation holds at ECB target in November – Nordea
The Euro-area flash inflation estimate for November remained close to the ECB’s target at 2% y/y, supporting an ECB that is on hold unless new shocks appear.
EUR/USD dips amid rising Eurozone inflation and unemployment figures
EUR/USD has retraced previous gains, following the release of the Eurozone's inflation and unemployment figures, and turned negative in the daily chart. The pair is testing the 1.1600 level at the time of writing, following rejection at the 1.1650 area on Monday.
WTI Oil declines amid US Dollar strength, OPEC+ stability
West Texas Intermediate (WTI) US Oil trades around $59.20 on Tuesday at the time of writing, down 0.20% on the day.
JPY strengthens as BoJ signals December rate hike – MUFG
The Japanese Yen (JPY) has continued to trade at stronger levels overnight following yesterday’s gain’s triggered by the clear signal from Governor Ueda that the BoJ is planning to resume rate hikes this month.
USD/JPY focuses on policy divergence amid JGB volatility – DBS
USD/JPY remains sensitive to monetary policy divergence this month, as bets for a December 10 Fed rate cut and a December 19 BOJ hike gain traction, supporting Tokyo’s effort to stabilize the Japanese Yen (JPY).
Spain 12-Month Letras Auction remains unchanged at 1.99%
Spain 12-Month Letras Auction remains unchanged at 1.99%
Spain 6-Month Letras Auction declined to 1.931% from previous 1.944%
Spain 6-Month Letras Auction declined to 1.931% from previous 1.944%
BoE’s Bailey: Stresses on maintaining financial stability
Bank of England (BoE) Governor Andrew Bailey stated during the European trading session on Tuesday that the focus on maintaining financial stability has become more important than ever, given increased risks.
GBP strengthens on relief rally after UK Autumn Statement – MUFG
The Pound Sterling (GBP) rose this week following relief over the UK Autumn Statement and broad USD weakness, pushing cable above 1.3275 and further away from early November lows.
USD/CAD extends gains beyond 1.4000 as Oil’s recovery loses steam
The US Dollar is trading higher for the second consecutive day against the Canadian Dollar, reaching levels past 1.4000 during the European morning trading.
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