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GBPUSD

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News

Dollar gains as U.S. stocks drop; euro, sterling fall

(Updates to early New York trading; changes dateline, previous LONDON) * Dollar gains * Sterling falls after rising for six sessions * NZ move dims hopes of slowdown in rate rises globally By Caroline Valetkevitch NEW YORK, Oct 5 (Reuters) - The dollar rebounded across the board on Wednesday as recent risk-on sentiment reversed and U.S. stocks dropped, with the euro and sterling down more than 1% each.
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Sterling softens after UK PM Truss speech, stronger dollar weighs

(Updates to reflect price action in late trade) By Lucy Raitano LONDON, Oct 5 - Britain's pound weakened against the dollar on Wednesday, ending a six-day rally but avoiding recent lows as British Prime Minister Liz Truss sought to overcome a chaotic first month in office with her speech to the annual Conservative party conference. Truss urged Conservatives to stick together and help transform the economy and the country, as she fights to restore her dwindling authority.
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Dollar rebounds as global market rally fades

* Dollar rallies after sharp drop on Tuesday * Sterling falls after rising for six sessions * NZ move dims hopes of slowdown in rate rises globally By Harry Robertson LONDON, Oct 5 (Reuters) - The dollar rose on Wednesday, a day after suffering its biggest one-day drop in more than two years, as the excitement of the previous day's rally in stocks and risk-friendlier currencies wore off.
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Sterling softens ahead of UK PM Truss speech

By Lucy Raitano London, October 5 - Britain's pound weakened against the dollar on Wednesday, ending a six-day rally, but staying well off recent lows following the government's U-turn earlier this week on some tax cuts. The pound was down 0.6% at $1.1404 GBP=D3 , little changed at 87.095 pence per euro EURGBP=D3 . After tumbling to a record low of $1.0327 last week in the aftermath of the government's 'mini-budget' announcement, the pound has recovered some ground.
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Dollar rebounds as investors heed hawkish reminder from New Zealand

* Dollar rallies after sharp drop on Tuesday * RBNZ raises policy rate 50 bps * NZ move dims hopes of slowdown in rate rises globally By Tom Westbrook and Harry Robertson SYDNEY/LONDON, Oct 5 (Reuters) - The dollar rose on Wednesday, a day after suffering its biggest one-day drop in more than two years, as the excitement of the previous day's rally in stocks and risk friendlier currencies wore off.
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