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GBP: A surprise Reeves resignation would be bad for markets - ING
Markets have largely priced in Chancellor Reeves' expected mix of tax hikes and fiscal restraint, pushing gilt yields and the pound lower. While political noise around her rental license lapse briefly weighed on sentiment, PM Starmer's backing eased concerns.

JPY: Anticipating the turnaround - Commerzbank
Governor Ueda missed an opportunity yesterday to verbally prepare the market for a possible further interest rate hike in Japan, thereby casting doubt on whether the central bank is prepared to take such a step again this year.

USD/JPY: BoJ disappoints, MoF soothes - OCBC
USD/JPY jumped, postBoJ's decision to keep policy rate on hold. 2 members dissented against the decision - unchanged from previous meeting. USD/JPY last seen at 154.20 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

USD extends gains post Trump-Xi summit and FOMC - OCBC
US Dollar (USD) extended its rise in what looked like 'buy rumor, sell the fact' post-Trump-Xi meeting and FOMC, while there were market chatters of month-end USD demand, OCBC's FX analysts Frances Cheung and Christopher Wong note.

EUR/GBP Price Forecast: Euro consolidaties gains around 0.8800
The Euro appreciates for the fourth consecutive day against a weaker Pound, with price action showing consolidation around the 0.8800 area on Friday's early European session, on track for a 0.8% weekly rally.

EUR: ECB brings calm - Commerzbank
The Americans seem to have interpreted the deal between the US and China as significantly more positive for the US Dollar (USD) than the rest of the world, Commerzbank's FX analyst Volkmar Baur notes.

EUR: Bar for more ECB easing is high - ING
It's abundantly clear that the ECB wants to keep things boring at this stage, ING's FX analyst Francesco Pesole notes.

China: Manufacturing PMI contracts for the 7th straight month in October - UOB Group
China's official manufacturing PMI fell by a larger-than-expected 0.8 pt to 49.0 in October (Bloomberg est: 49.6, September: 49.8), UOB Group's Economist Ho Woei Chen report.

China: Strong Renminbi policy taking shape - Standard Chartered
China's leaders see a strong RMB as the core of the financially strong nation they aim to build. China will likely focus on productivity growth, maintain prudent macro policy to gain trust in RMB.

NZD/USD dives further, nears 0.5700 on weak Chinese data, risk aversion
The New Zealand Dollar (NZD) is trading lower for the third consecutive day on Friday, trading at 1.1720 at the time of writing and on track for a 0.45% weekly decline, after having been rejected at 0.5800 earlier in the week.

EUR/USD hovers near lows with Eurozone inflation on tap
EUR/USD shows marginal losses on Friday's early European session, trading at 1.1560 at the time of writing after being rejected at the 1.1580 area.

ECB's Kazaks: Signals no urgency for monetary policy adjustments
European Central Bank (ECB) policymaker and Governor of Central Bank of Latvia, Martins Kazaks, said during European trading session that risks to inflation and growth in the Eurozone are more balanced.

ECB's Muller: Economic situation improves gradually
European Central Bank's (ECB) economist Georg Müller commented during Friday's European session that current level of interest rates is appropriate and the economic situation has gradually improved.

Pound Sterling struggles as UK productivity downgrade prompts tax raise risks
The Pound Sterling (GBP) stays under pressure against its major peers on Friday.

ECB's Rehn: There are both upside and downside risks to inflation and growth
European Central Bank (ECB) Governing Council member and Governor of Bank of Finland Olli Rehn said during the European session on Friday that the decision by the Eurozone central bank to leave interest rates unchanged was justified.

Forex Today: US Dollar clings to weekly gains as central bank dust settles
Here is what you need to know on Friday, October 31:

When is the Eurozone Prelim HICP inflation and how could it affect EUR/USD?
Eurostat will publish the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for October later on Friday at 10:00 GMT.

USD/CAD Price Forecast: Tests 1.4000 barrier after breaking above nine-day EMA
USD/CAD extends its gains for the second successive session, trading around 1.3990 during the early European hours on Friday. The technical analysis of the daily chart indicates a price consolidation, with the USD/CAD pair rebounding from the lower boundary of its rectangle pattern.

ECB's Kocher: Projections show us on target for sustained time
European Central Bank (ECB) Governing Council member Martin Kocher said on Friday, "projections show us on target for sustained time."

EUR/USD Price Forecast: Trades cautiously near two-week low around 1.1570
The EUR/USD pair trades with caution near the two-week low around 1.1570 during the early European trading session on Friday.
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