Financial Trading
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The Federal Reserve meeting this week will have a huge impact on markets around the world. For MENA, the focus will be on the outlook for Gold and Oil.
There has been a settling of USD gains overnight as major forex, commodities and indices have seen a mild improvement in risk appetite. However, GBP continues to trade with elevated volatility on the Bank of England’s moves in the bond market.
After the precipitous falls of earlier in the week, GBP is decisively recovering. UK assets have been temporarily stabilised, with lower US yields also helping broader market sentiment.
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