GBP/USD to suffer as confidence crisis is not over .

GBP/USD remains under intense selling pressure below 1.1300. Economists at MUFG Bank do not expect further improvement in confidence from here. GDP forecasts will remain grim

“We still see renewed GBP weakness ahead with a danger of a rush to retrieve investor credibility going too far and worsening notably the already grim economic outlook.”

“The BoE indicated its determination yesterday by denying the FT report that it would delay the start of QT, scheduled for 31st October. Given that is the same day as the updated fiscal details, the BoE probably wants to maintain pressure on the government.”

“Starting QT in the current environment is likely to weigh on investor sentiment and coupled with a deeper than previously expected contraction in GDP, the pound is likely to suffer.”

EUR/USD extends slump below 0.9800 as sentiment flips

EUR/USD trimmed most of its weekly gains as the USD is back in fashion. Renewed growth-related concerns are putting pressure on equities. Meanwhile, Eurozone September inflation was confirmed at 9.9% YoY.


GBP/USD slides below 1.1300 on hot UK inflation, USD rebound

GBP/USD is accelerating a decline below 1.1300 on a hotter UK inflation release. The UK CPI data puts the BOE in a tough spot following the government’s fiscal and political fiasco. A worsening market mood weighs on the pair.


Gold hits three-week low amid surging bond yields, stronger USD

Gold continues losing ground through the early North American session and hits a fresh three-week low, around the $1,630 area in the last hour. The downtick is exclusively sponsored by a strong pickup in demand for the US dollar.

Gold News 

Could BTC be headed to $13,000 in the global liquidity crunch?

BTC is heavily influenced by liquidity conditions. The global liquidity crunch has impacted Bitcoin price in a major way and, as a result, analysts are presenting a bearish outlook for BTC.

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