USD consolidates losses amid weak US data – BBH

US Dollar (USD) is consolidating yesterday’s losses. Narrowing US-G6 rate differentials suggests the path of least resistance for USD is down. Fed policy is still restrictive and leaves scope for the Fed to deliver more easing.
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GBP steady ahead of UK Autumn Budget – BBH

Pound Sterling (GBP) remains steady ahead of the UK Autumn Budget, with tax hikes expected to dominate and increased gilt sales likely, leaving GBP under pressure against major currencies, BBH FX analysts report.
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