Goldman Sachs’ Jeffrey Currie argues Oil will probably enter a “holding pattern” as markets await confirmation of most recent leg up and inventory draws from OPEC supply cuts.
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The ONS has reported a surprise 1% fall in business investment in Q4 of 2016 with economists suggesting this is because Brexit uncertainty is now starting to weigh on firms’ spending plans.
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The talk for Sterling in the mid-week session centres on news UK economic growth for the final quarter of 2016 was greater than previously anticipated.
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Analyst Ben Powell and his team at UBS have come to an interesting conclusion when it comes to the reflation trade that characterised the latter half of 2016.
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The Pound rose one-tenth of a percent versus the Dollar on Tuesday following the release of UK borrowing data which showed the government borrowing less than it had done in 2016.
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The Rouble is at the start of a retreat according to commentary from various research departments.
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Economic data from the Eurozone were weak on Tuesday February 14 with Eurozone GDP grew in Q4 by 0.4% instead of 0.5% estimated by economists.
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