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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, clients or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.