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Pound Rises, Oil Shoots Up, Trump Leaves Early

Oil has been the big mover overnight ahead of the OPEC summit. We’ve also seen a return to optimism from the US equity markets on words from President Trump that those trade talks with China are going well. As Phil Dobbie says to NAB’s David de Garis, wasn’t it yesterday that he was saying they could wait till after next year’s US election? The President, meanwhile, has left NATO early, without having scuppered Boris Johnson’s chances of winning next week’s election, which has helped the pound to a 7-month high today. There’s also discussion about the consequences of Australia’s weaker than anticipated GDP numbers yesterday and services data from the US, China and the Eurozone.

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