BROADCASTS.com

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Cable is likely to trade between 1.3000 and 1.3250 in the next weeks, noted FX Strategists at UOB Group. GBP/USD awaits fresh clues while taking rounds to the weekly low, off intraday bottom recently. Coronavirus cases in the UK, the US refresh record high, British economy losses more momentum in September. Brexit signals keep being mixed, UK\\u2019s finance ministry can extend tax break to manufacturers. Downbeat statements from Fed\\u2019s Powell, RBNZ\\u2019s Orr emphasize Bailey speech. EUR/USD challenges 3-day peaks in the 1.1820/30 band. The dollar keeps correcting lower and supports the pair\\u2019s upside. EMU\\u2019s flash Q3 GDP, Balance of Trade figures next of note in the docket. The dollar edged marginally lower in early European trade Friday, but the continuing rise of new Covid-19 cases throughout Europe and the U.S. is making traders nervous of buying riskier currencies despite the positive news of a potential vaccine. The dollar index was down 0.1% at 92.898. GBP/USD rose 0.3% to 1.3155, USD/JPY fell 0.1% to 105.00, while the risk sensitive AUD/USD rose 0.1% to 0.7233.