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The Pound Sterling gave back some of Tuesdays gains against the US Dollar as Brexit-related hopes helped to shift sentiment.
With only about three weeks left before Britain is set to withdraw from the European Union, the upcoming discussion between leaders in Britain and Ireland
With only a few weeks left before we reach the official Brexit deadline, its still not clear whether the UK will leave the European Union with or without a deal.
Reports that the trade talks between the U.S. and China are stalling sent gold to a one-week high and oil prices lower on Thursday afternoon in Asia.
In Asian trade, the US Dollar was largely under pressure on fading hopes for some resolution to the trade discussions between China and the United States.
High level trade negotiations will certainly be the major theme this week as Chinese officials head to Washington to resume talks with their US counterparts.
The Pound continued to wallow relative to the greenback on escalating worries that a Brexit deal will not be struck before the deadline.
German industrial output unexpectedly went up in July, after two months declining.
Earlier this week, gold prices retreated with the US dollar appreciating and investors cautious anticipation ahead of the resumption of trade talks between the United States and Chinese officials.
We noticed a rise in world crude oil prices early this week, before Mondays trading closed slightly lower, as investors focused on the US-China trade negotiations round scheduled to resume next Thursday.
During the trading on Tuesday, October 8, 2019, the financial markets will be interested in the release of economic calendar data, which usually results in changes in price movements
Oil prices were higher on Tuesday afternoon in Asia after slipping lower at the end of the day on Monday, as traders eyed the upcoming trade talks
Last weeks trandings were affected by political turmoil in the United States, which could lead to the dismissal of Trump as US president if convicted.
With the Brexit deadline swiftly approaching, FX traders are growing increasingly concerned that any sort of a favorable withdrawal deal will be worked out in time.
The German economy keeps showing signs of being amid a dire situation, as industrial orders fell more than expected in August, due to lower domestic demand.
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