The US Dollar is keeping an eye out for inflation data to consolidate further bullish momentum

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The UK economic recovery continues, aide by a successful vaccination program, all eyes are now on data releases

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UK consumer price inflation figures came in higher than expected Wednesday, lifting GBP/USD, but the rise has been tempered by weaker than predicted producer price data.

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The US Dollar may continue to push higher, building on gains scored after June’s sizzling CPI data, as Fed Chair Jerome Powell testifies in Congress.

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WTI crude oil is hovering at around $75/bbl after the API reported a 7th consecutive weekly fall in stockpiles. Tight supply conditions may lend support to prices amid lingering viral concerns.

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