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EUR/GBP challenges three-month lows near 0.8900

EUR/GBP drops to the 0.8900 area, near 3-month lows. UK GDP came in above estimates today. UK Industrial, Manufacturing Production surprised to the upside. The renewed buying pressure around the Sterling is dragging EUR/GBP to the area of 3-month lows near the 0.8900 handle. EUR/GBP weaker post-UK data The European cross comes under renewed and
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US: Moderating employment – RBS

Analysis team at the Royal Bank of Scotland notes that the US non-farm payrolls surprised on the downside in August, rising a tepid 130k, while the June and July were also marked down. Key Quotes “Taking into account temporary hiring for the 2020 census survey, the headline figure for August is overstated. The unemployment rate
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Brexit: Irish and British Prime Ministers had constructive meeting, significant gaps remain

In a recently published statement, the Irish government said Irish Prime Minister Varadkar and his British counterpart Bors Johnson had a constructive meeting.  “Ground was established in some areas between Irish and British PMs but significant gaps remain,” the statement further read. “Irish and British PMs meeting was an essential and timely opportunity to better understand
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Chinese President Xi: Will support development of private firms

Chinese President Xi Jinping crossed the wires in the last minutes saying that they will continue to support the development of private firms. “We will continue to promote high-quality development of trade,” the president told China’s Central Television (CCTV).  These comments don’t seem to be having an impact on the market sentiment. As of writing, the
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Greece Industrial Production (YoY) dipped from previous 0.3% to -2.1% in July

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Mexico Core Inflation came in at 0.2%, above forecasts (0.19%) in August

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