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GBP jumps on the day – Scotiabank

The Pound Sterling (GBP) was steady, holding near session highs on the soft USD ahead of the BoE, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

BoE rate cut vote reveals deeper division

"The BoE cut rates 25bps, as expected but the vote split suggested policymakers are more divided on policy, with four votes for unchanged rates. The Bank repeated that rate cuts needed to be made gradually and carefully. Sterling firmed after the decision. Governor Bailey speaks shortly."

Gold Price Forecast: XAU/USD remains shy of $3,400, holds above 20-day EMA

Gold price (XAU/USD) struggles to break above the key level of $3,400.00 during the European trading session on Thursday. The precious metal hesitates to extend upside even as Federal Reserve (Fed) officials have shown support for interest rate cuts in the remainder of the year.
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EUR firmer but off overnight highs – Scotiabank

The Euro (EUR) has made a little progress on the US Dollar (USD) over the course of the session but has backed off of its earlier highs just under 1.17, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
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