 Sterling strengthens entering into European session, on rumors that UK Prime Minister Liz Truss to preparing to do a U-turn on tax and spending cuts. The talks came after Truss faced heavy scrutiny from Tory rebellions at the Conservative Party Conference. Markets are steady elsewhere, though. Traders are holding their bets for now, and await RBA and RBNZ rate hikes, as well as US heavy weight data in ISM and NFP later in the week. Technically, one immediate focus in EUR/GBP's reaction to 0.8720 resistance turned support. Sustained break there will argue that rise from 0.8201 has completed at 0.9267 as a three-wave move. That would in turn argue that long term sideway pattern is extending with another falling leg. Deeper decline would be see to 55 day EMA (now at 0.8636) and below. Such development, if happens, would provide support the to Pound against other currencies. In Asia, Nikkei closed up 0.68%. Hong Kong HSI is down -1.27%. Singapore Strait Times is down -0.39%. Japan 10-year JGB yield is down -0.0091 at 0.243. | 
