Global Markets in Focus: GBP/USD Dips, Tech Giants Face EU Scrutiny, PBOC Holds Steady

Key TakeawaysGBP/USD extended its losses, dropping 0.2% to 1.3274 amidst a strengthening U.S. dollar and ongoing concerns over the UK economic outlook.The EU Commission has initiated a formal scrutiny of major tech platforms, including Snapchat (SNAP), YouTube (GOOGL), Apple App Store (AAPL), and Google Play (GOOGL), under the Digital Services Act (DSA) concerning safeguards for minors.The People's Bank of China (PBOC) notably did not conduct government bond trading in September, signaling a specific stance ...