UK PM Truss: We have taken action to chart a new course for growth

Following new Chancellor Jeremy Hunt’s fiscal U-turn, UK Prime Minister Liz Truss said that ”we have taken action to chart a new course for growth that supports and delivers for people across the United Kingdom.”

She noted, “the British people rightly want stability, which is why we are addressing the serious challenges we face in worsening economic conditions.”

USD/CAD: Close above 1.3977/87 to clear the way toward 1.4097 – Credit Suisse

USD/CAD closed on a fresh new high on Friday, but near-term momentum remains weak, which warns of a near-term consolidation. However, a close above 1.
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Gold Price Forecast: XAU/USD to come under pressure if real rates remain elevated – SocGen

Gold has resisted higher real rates, strong dollar and fund outflows, but remains vulnerable, in the view of strategists at Société Générale. Gold has
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