Sterling lost ground after the U.K. reversed its income-tax plans, raising concerns about fiscal management. Softer GDP figures and a cooling labor backdrop continued to strengthen expectations for a BoE cut. In Japan, the yen held near its weakest levels in months as political backing for loose policy outweighed a slightly firmer GDP reading.

Brent crude slipped to $63.8 after Russia’s Novorossiysk terminal returned to normal operations, reversing last week’s supply-driven jump. Expectations of plentiful supply and softer demand continue to weigh on the broader outlook for crude.

Gold held near $4,080 as traders looked toward upcoming U.S. data releases, especially non-farm payrolls. Even with reduced expectations for a December Fed cut, gold’s nearly 55% yearly rise remains supported by steady central-bank buying and persistent global uncertainty.

Take a look at today's analysis for more updates.