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Chancellor Reeves’ speech impacted Gilt yields and led to the Pound Sterling underperforming against G10 currencies.
The Pound Sterling faces tough times as tax hike fears loom after Chancellor Reeves’ speech. Despite recent recovery, volatility hints at future price swings, with GBP/USD nearing 1.2200. – vtmarketsmy.com
Written on November 5, 2025 at 1:57 pm
Categories: Live Updates
Pound struggles initially but improves after Reeves’ speech on budget challenges
The Pound Sterling weakened amid tax hike signals from Chancellor Reeves, with markets bracing for a tough budget. Traders might explore strategies for further GBP declines or a potential surprise rally. – vtmarketsmy.com
Written on November 5, 2025 at 1:56 pm
Categories: Live Updates
The Pound Sterling faced challenges against G10 currencies but saw a slight recovery after Chancellor Reeves’ morning address.
The Pound Sterling struggles after Chancellor Reeves hints at potential tax increases, causing market concerns about recession. Traders eye protection strategies amid uncertainty ahead of the upcoming budget announcement. – vtmarketsmy.com
Written on November 5, 2025 at 1:56 pm
Categories: Live Updates
China’s chief trade negotiator calls for cooperation after meeting with US agriculture delegation
Li Chenggang from China signals a shift towards cooperation with the US, lifting tariffs on agricultural goods. This creates a promising opportunity for traders, especially in soybeans, amidst improving trade relations. – vtmarketsmy.com
Written on November 5, 2025 at 12:57 pm
Categories: Live Updates
UOB Group suggests that further declines in EUR/USD may hinder its ability to reach 1.1450.
The EUR/USD is unlikely to reach 1.1450 today, with bearish trends supported by recent economic data. Traders might consider put options or a bear call spread to capitalize on declines. – vtmarketsmy.com
Written on November 5, 2025 at 12:56 pm
Categories: Live Updates
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