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GBPUSD retreats on sour sentiment, doubts over Brexit

MTRADING | 2022-11-23 10:59

Abstract:GBP/USD remains pressured towards 1.1500 during early Thursday morning in Europe, reversing the previous day’s rebound, as global markets remain dicey ahead of the US data.

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GBP/USD remains pressured towards 1.1500 during early Thursday morning in Europe, reversing the previous day‘s rebound, as global markets remain dicey ahead of the US data. The market’s risk profile turned weak as indecision among the Fed policymakers, especially after the last weeks strong US data, joined escalating coronavirus fears from China.

As a result, the US Dollar defends the previous weekly gain amid a rush for risk safety. The same weighed on the commodities and Antipodeans. Among them, crude oil prices dropped the most as demand woes escalate and supply fears eased, mainly due to Chinas covid conditions and easing fears from Russia.

The British government is breaching the withdrawal agreement with the European Union by requiring EU citizens to reapply for the right to live and work in the United Kingdom, an independent body set up to oversee citizens rights told a London court on Tuesday, reported Reuters.

AUDUSD justifies its risk barometer status while GBPUSD has an additional negative, namely Brexit, to trim some of its latest gains.

Cryptocurrencies continued portraying the market‘s fears as FTX-inspired shock isn’t forgone and suggests more hardships for the BTCUSD and ETHUSD.

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MTRADING
Company name:ServiceComsvg LLC
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2.31
Website:https://mtrading.com
5-10 years | Questionable Regulatory License | MT4 Full License | MT5 Full License
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No, we are not kidding! The rupee has indeed hit this low, from 90 to 95 against the US dollar, the fastest in nearly a decade, highlighting the slump due to rising crude oil prices and global uncertainty from the series of adverse events related to the geopolitical conflict in the Middle East. It just took five months for the rupee to weaken from 90 to 95, the sharpest five-point depreciation since the 2013 taper tantrum. During this period, the rupee declined from 60 to 65 within a month amid concerns over India’s current account deficit and large capital outflows.

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Mazi Finance Analysis Report

Mazi Finance presents a concerning mixed picture with an overall rating of 5.2 out of 10 and a "Use with Caution" designation that should give traders pause before committing funds. Based on 41 total reviews, the broker shows a troubling 43.9% negative rate, with sentiment nearly evenly split between positive experiences (21 reviews) and negative ones (18 reviews), alongside just 2 neutral assessments. Check this extensive analysis report.

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Best Lowest Spread Forex Brokers in Indonesia 2026

Indonesia's retail forex market has matured into one of Southeast Asia's most active. With more than 800,000 Indonesians now trading currencies online and demand for tighter pricing rising every year, the spread — the gap between a broker's bid and ask quote — has become the single most decisive cost factor for active traders. A difference of even half a pip on EUR/USD can add up to thousands of US dollars annually for a trader running 50+ standard lots a month. This guide breaks down the brokers offering the lowest spreads to Indonesian traders in 2026, explains exactly how spread mathematics impacts your bottom line through real trader scenarios, and walks through the regulatory framework you should understand before depositing.

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CFI Expands UAE Offering with Direct Access to Dubai Stocks

CFI has added more than 40 Dubai-listed stocks to its platform, widening its UAE product range as forex brokers in the region continue expanding beyond currency trading.

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