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GBP edges off earlier high – Scotiabank

Stronger industrial sector activity reflected in UK data earlier this week helped lift the Pound Sterling (GBP) after spot found firm support in the mid-1.32 area, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

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EUR off earlier peaks above 1.17 – Scotiabank

Euro (EUR) gains extended to the low 1.17 area overnight before easing back modestly but the broader backdrop of trade, rate and sentiment challenges for the USD as well as hopes that US pressure for an end to the Ukraine war as Trump/Putin plan to meet in Budapest are all combining to lift the EUR

Read More EUR off earlier peaks above 1.17 – Scotiabank
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CAD holds range as weak risk appetite counters spread narrowing – Scotiabank

The Canadian Dollar (CAD) is little changed on the session at writing but spot did pop briefly higher in overnight trade before edging back to the lower end of the trading range seen over the past few sessions, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

Read More CAD holds range as weak risk appetite counters spread narrowing – Scotiabank
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Gold slips below $4,300 after record highs as traders lock in gains

Gold (XAU/USD) is on a record-breaking spree, hitting yet another all-time high near $4,380 on Friday as investors seek a reliable store of value amid geopolitical, economic and fiscal uncertainty.

Read More Gold slips below $4,300 after record highs as traders lock in gains
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USD mixed, havens bid on US regional bank concerns – Scotiabank

The US Dollar (USD) is mixed to softer overall and heading for a close on the week overall that may be weak enough to point to a halt in the DXY’s rebound since mid-September, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

Read More USD mixed, havens bid on US regional bank concerns – Scotiabank
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Trump’s approval rating on the economy takes hit because of shutdown, inflation, CNBC survey finds

American’s views on the economy turned more negative in the third quarter with deepening concerns about jobs, inflation and the outlook.

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Apple and F1 reach 5-year media deal, bringing all races to Apple TV streaming in the U.S.

Apple and Formula 1 announced their long-awaited five-year U.S. media rights deal that will bring all U.S. televised races to Apple TV

Read More Apple and F1 reach 5-year media deal, bringing all races to Apple TV streaming in the U.S.
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Pound Sterling Price News and Forecast: GBP/USD trades lower

The Pound Sterling (GBP) trades flat around 1.3470 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair flattens even as the US Dollar Index (DXY) faces selling pressure, suggesting weakness in the British currency.

Read More Pound Sterling Price News and Forecast: GBP/USD trades lower
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OpenAI stops Sora videos of Martin Luther King Jr. after users made ‘disrespectful’ deepfakes

The ChatGPT maker said it will work to toughen “guardrails” for historical figures and that public figures can ask to not appear in Sora videos.

Read More OpenAI stops Sora videos of Martin Luther King Jr. after users made ‘disrespectful’ deepfakes
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WTI Oil: Bears May Take a Breather to Position for Fresh Push Lower

WTI Oil price fell further on Friday, remaining on track for the third consecutive weekly loss and the second straight weekly close below $60 mark. Oil remains under pressure from darkened demand outlook, with the latest forecast from International Energy Agency about growing supply surplus, news about potential meeting between US and Russian Presidents, and […]

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