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GBP/USD retreats below 1.3050 after UK data

GBP/USD retreats below 1.3050 after UK data

GBP/USD stays on the back foot and trades in negative territory below 1.3050 early Tuesday. The data from the UK showed that the ILO Unemployment Rate declined to 4% in the three months to August, with Employment Change rising 373K, but failed to support Pound Sterling.

GBP/USD News
EUR/USD drops below 1.0900 amid resurgent USD demand

EUR/USD drops below 1.0900 amid resurgent USD demand

EUR/USD drifts lower below 1.0900 in European trading on Tuesday. Resurgent US Dollar demand and a cautious risk tone weigh on the main currency pair. Traders now look to Germany's ZEW survey and Eurozone Industrial Production data ahead of Fedspeak. 

EUR/USD News


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Editors’ Picks

Gold price remains depressed amid smaller Fed rate cut bets; lacks follow-through selling

Gold price remains depressed amid smaller Fed rate cut bets; lacks follow-through selling

Gold price ticks lower for the second straight day amid smaller Fed rate cut bets and a bullish USD. Signs of a slowdown in China – the biggest bullion consumer – further undermine the XAU/USD.

Gold News
Bitcoin targets $70,000 as bullish momentum builds

Bitcoin targets $70,000 as bullish momentum builds

Bitcoin is retesting its key resistance level, and a solid close above this threshold could fuel its ongoing rally. Meanwhile, Ethereum has successfully breached its resistance, signaling potential upward momentum, while Ripple approaches its crucial resistance barrier.

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XRP rally likely as Ripple Swell conference is held this week

XRP rally likely as Ripple Swell conference is held this week

Ripple trades above $0.5400 early on Monday. The altcoin added over 2% to its value on the day, ahead of a key event. Ripple, a cross-border payment remittance firm, is gearing up for its annual conference called Ripple Swell. 

More Ripple News

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