Oil remains on the front foot ahead of two potentially market moving events

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European fundamental data has not helped spur on the currency despite encouraging GDP print. ECB looking to reach peak rates no longer supports the currency

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Indices have seen their losses stabilise for now, after the mid-week drop following the US debt downgrade.

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A few positives for the Australian Dollar this morning as China lifts Barley tariffs helping AUDUSD to tick slightly higher in the Asian session. The beginning of a sustained move higher?

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GBP looks set to recoup some of its recent losses after BOE raised interest rates and didn’t rule out further tightening. To what extent GBP could rise against USD? What is the outlook for EUR/GBP and GBP/JPY?

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