Forex - GBP/USD gains on advancing U.K. construction report

The pound strengthened against the dollar on Monday after data revealed a pick-up in U.K. construction activity, while the dollar edged lower as markets prepped for the release of the October jobs report later this week. In U.S. trading on Monday, GBP/USD was trading at 1.5954,...

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Dollar off highs vs. euro, ECB in focus

The dollar eased back from six-week highs against the euro on Monday after upbeat euro zone manufacturing data, but expectations for a rate cut by the European Central Bank kept the shared currency under pressure. During European afternoon trade, the euro recovered from six-week...

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Forex - GBP/USD holds gains after U.K. construction PMI

The pound held gains against the dollar on Monday after data showed that activity in the U.K. construction sector expanded at the fastest rate in six years in October. GBP/USD hit 1.5978 during European afternoon trade, the session high; the pair subsequently consolidated at...

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Forex - EUR/USD comes off 6-week lows, upside limited

The euro pulled away from six-week lows against the dollar on Monday after encouraging euro zone manufacturing data, but the shared currency failed to build on gains amid growing expectations for a rate cut from the European Central Bank. EUR/USD recovered from 1.3442, the...

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Dollar steady vs. yen, euro edges higher

The dollar was steady close to six week highs against the yen on Monday, while growing expectations that the European Central Bank may cut rates kept pressure on the euro. During European morning trade, the euro eased back from six-week lows against the dollar, with EUR/USD...

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Forex - GBP/USD hits session highs after U.K. construction PMI

The pound recovered from two week lows against the dollar on Monday after data showed that activity in the U.K. construction sector expanded at the fastest rate in six years in October. GBP/USD hit 1.5966 during European morning trade, the session high; the pair subsequently...

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HSBC Q3 pre-tax profit rises 10% to USD5.06 billion

U.K. banking giant HSBC Holdings reported third quarter profit before tax of USD5.06 billion on Monday, a 10% increase from the same period a year earlier. The lender also said it was cooperating with regulatory authorities who are investigating potential manipulation of...

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European stocks higher amid ECB stimulus talk; Dax up 0.29%

European stocks were higher on Monday, supported by growing speculation the European Central Bank may add more stimulus measures, while expectations for the Federal Reserve to soon begin tapering its bond purchases persisted.  During European morning trade, the EURO STOXX...

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Gold futures hold steady near 2-week low

Gold futures were little changed near a two-week low on Monday, as ongoing uncertainty over the direction of U.S. monetary policy kept investors in a cautious mood. Gold prices have largely tracked shifting expectations as to whether the Fed would start tapering its USD85-billion-a-month...

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