At 12:30 BST, was the weakest and the strongest among the G10 currencies. Elsewhere, stocks were lower following Friday’s rally, was higher again and Bitcoin () was flat.The pound gave back some of the sharp gains it made at the back end of last week, when optimistic investors rushed to buy the beleaguered currency at oversold levels as hopes were raised that the EU and UK were finally reaching a Brexit agreement. However, as my colleague , “hopes of a resolution were dashed after EU negotiators commented that they are not getting even into the ballpark range of where they would like to be with negotiations. This gives Boris Johnson only one more week to pull the rabbit out of the hat…”The found some mild support on the back of news Eurozone rose by an above-forecast 0.4% in August. However, China’s and shrank more than expected in September, weighing on the and .STOCKS: After a big rally last week, risk assets sold off earlier today on the back of news that China wanted more talks before signing Trump’s ‘phase one’ deal. The news sent stocks, oil and commodity dollars all lower, while safe haven gold and yen gained ground. This comes after the US and China agreed on outlines of a partial trade accord on Friday. US President Donald Trump said he and China’s Xi Jinping could sign the deal as soon as next month. However, today’s news that China wants more talks certainly raises a few questions – enough to scare investors a little.There are no major economic data scheduled for release from North America, where the Americans are celebrating Columbus Day and Canadians are observing Thanksgiving.Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
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