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Europe Roundup: Pound hits one week high against dollar, European shares rise , Gold hits record high, Oil pauses -October 1st,2025
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GBP/USD: The pound rose to a one-week high on Wednesday as the U.S. government shutdown weighed on the dollar.
The S&P Global UK Manufacturing PMI fell to 46.2 in September from 47.0 in August, in line with preliminary estimates and economists’ expectations, highlighting continued weakness in the sector.
AUD/USD: The Australian dollar held steady on Wednesday as a weaker U.S. dollar offset softer-than-expected domestic manufacturing data.
Spot gold gained 0.8% to $3,886.97 an ounce by 1055 GMT after touching a record peak of $3,898.18.U.S.
Brent crude futures for December delivery were down 33 cents or 0.5% to $65.70 a barrel by 1146 GMT.