<p>China’s PBoC cut the interest rate on its one-year medium-term lending facility today, by 20bps to 2.95%. That’s the lowest level on record and is expected to inject CNY 100B into
Gold price extended its losses for the second straight day after reaching an all-time high (ATH) above the $2,100 figure, and it has dived more than $100.00 in two days of trading.
Looking at this currency pair, we have seen a lot of negativity, and that makes quite a bit of sense considering there are concerns about the United Kingdom and its economy.
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