Market News

Plagued by concerns about the upcoming Brexit, the British pound has sunk to levels not hit since April 2017.

The Pound Sterling continues to slide and moved close to a 3-month trough versus the common currency Euro as FX traders await the Brexit vote in the British Parliament.

A meeting between OPEC members and their oil-producing allies on Friday resulted in an agreement to cut oil supply by 1.2 million barrels per day starting in January.

This week is likely to see some a greater amount of activity compared to last week, with central bank input due for the Euro and the Swiss Fran, plus very important U.S. and British economic and political data.

The US Dollar was finally seeing some recovery after struggling for traction earlier in the Asian trading session.

The latest polls on the Pound Sterling suggests that the fate of the currency is almost completely in the hands of the Prime Minister.

Global stock markets continued a selloff that began on Tuesday as traders faced new fears about the continuing trade war between the U.S. and China.

With FX market sentiment eroding on the upcoming Brexit, the Pound managed to recoup some of the overnight losses it experienced.

After two days of solid gains, global stock markets have resumed their downward path.

An unexpected piece of legal advice has helped to boost the Pound Sterling in London trading.

Oil prices extended their rally on Tuesday after a day of big gains on Monday as traders remained optimistic that OPEC will announce fresh production cuts after its meeting in Vienna later this week.

The Euro edged higher after the release of a slew of PMI reports which predominantly showed better than expected outcomes in November for the Euro area's manufacturing sector.

Asian stocks traded higher and U.S. stock futures also rallied after the announcement of a 90-day ceasefire in the trade war between the United States and China.

This week is likely to see some a greater amount of activity compared to last week, with central bank input due for the U.S., Canadian, and Australian Dollars.

FX traders are anxiously awaiting the start of the US-Sino discussion on trade which is expected to take place during the G20 summit in Argentina.