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EU Commissioner Moscovici: EU still has risks to monitor, including Brexit and Italy’s finances

The European Union Commissioner Pierre Moscovici is out on the wires now, via Reuters, making the following comments in his speech in Tokyo.

EU still has risks to monitor, including Brexit and Italy’s finances.

Rise of protectionism and questioning of multilateralism must be combatted.

Key players, including the US and China, need to deliver on their commitments.

G20 acknowledgement of intensifying trade tension is best possible outcome from the EU perspective.

G20 communique shows roadmap for WTO reform and resolution of US-China trade dispute.

United Kingdom Total Trade Balance rose from previous £-5.408B to £-2.74B in April

United Kingdom Total Trade Balance rose from previous £-5.408B to £-2.74B in April
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GBP/USD slips below 1.2700 handle, fresh session lows post-UK data

The GBP/USD pair held on to its weaker tone through the early European session on Monday, with bears now eyeing a follow-through weakness below the 1.
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