Migration To UK Still Near Record

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🇬🇧 🇬🇧 A near-record number of long-term migrants came to the UK in the year ending June, laying bare the challenge for Prime Minister Rishi Sunak as he attempts to fulfill his vow of getting migration numbers down
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GBP At Session Highs

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🇬🇧 🇬🇧 BREAKING: GBPUSD Trades At Session Highs
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China: JPMorgan Warns About Unsecured Loans

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🇨🇳 🇨🇳 Any step by China to allow banks to provide unsecured loans to qualified developers “would be a risky move” for the lenders, according to JPMorgan. Such a measure “would be negative for banks”
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GBP Traders —Take Note

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🇬🇧 🇬🇧 GBP Traders Take Note: When UK Chancellor Jeremy Hunt announced “the biggest package of tax cuts since the 1980s,” critics were quick to point out that, in reality, Britain’s tax burden is marching toward a seven-decade high. This state of affairs is caused in large part by something known as “fiscal drag”
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Thailand Tries To Lure Chinese

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🇹🇭 🇨🇳 Thailand plans to tap Chinese social-media influencers and companies like Huawei Technologies Co. and Alipay to promote the country as a tourist haven in an effort to more than double the number of travelers from its largest source of visitors before the pandemic
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Cathie Wood Selling Bitcoin OTC ETF

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🚨 🚨 While Cathie Wood has been touting her bullish stance on Bitcoin in recent months, her firm ARK Investment Management actually cut holdings in the Grayscale Bitcoin Trust
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German GDP Contracts

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🇩🇪 🇩🇪 Germany’s GDP contracts 0.4% Y/Y in Q3
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India: Credit Card Usage Surges

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🇮🇳 🇮🇳 India spent the highest on credit cards in Oct’23. For the sector in Oct’23: Total spends were at Rs178982cr, up 37.99%YOY & 25.43% MOM. Cards in force were at 9.47cr, up 19.3%YOY & 1.82%MOM. Avg spend per card at Rs18898, up 15.63%YOY & 23.2%MOM

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Malaysia: See What Others Say

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🇲🇾 🇲🇾 Trinhnomics: What is Anwar going to do next to move the needle on Malaysia? Investors are tired and have other options
Will reforms ever come? And is it possible given the current political climate?
He has made many mistakes but a big one is appointing himself head of the Finance Ministry
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The “Experts” Were Wrong

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🚨 🚨 The biggest miscalculation among investors this year was thinking that higher yields would hamper stock performance 10-year yields touched a 16-year high yet the S&P 500 has soared more than 18%
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