UK Embassy: PM to call for coordinated global action to address rising cost of living at G20 Summit – FXStreet
British Embassy said in a statement on Monday that the UK Prime Minister Rishi Sunak will “call for coordinated global action to address international economic instability and the rising cost of living at G20 Summit.
UK PM will use the G20 as an opportunity to call out Putin’s barbarism and force.
Russia to confront the global suffering caused by this senseless campaign of violence.
UK PM to call at G20 for renewal of Black Sea grain initiative on November 19.
At the time of writing, GBPUSD is attempting a tepid bounce above 1.1750 on the above headlines, still down 0.63% on the day.
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The AUDUSD pair extended its gains by the end of the American afternoon, holding on to modest gains above the 0.6700 mark. RBA Meeting Minutes and Chinese data to set the tone in Asia.
The EURUSD pair recovered from an early dip to 1.0270 and trades around 1.0350. Speculative interest selling the US Dollar on spikes as the tie changes.
The American Dollar recovered some ground on Monday but quickly resumed its decline ahead of the US opening as investors keep moving away from it. Spot gold started the day with a soft tone and fell to an intraday low of $1,753.19 a troy ounce, now trading near a fresh three-month high in the $1,775 price zone.
FTT price is deep in the red nearly a week since its native platform FTX exploded, wrecking almost the entire cryptocurrency market. In just a few days, FTT's value has plummeted to near zero, although it is holding at $1.36 at the time of writing.
We get almost nothing market-moving in the US until retail sales on Friday–but a ton of Fed comments. We get GDP from Japan tomorrow, with plenty of other data like consumer conduct and the deflator, but there is no point in lingering over any of it in the presence of the curve control policy.
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