The GBP had a disappointing week against its major counterparts with the Bank of England’s (BoE) underwhelming 50bp hike adding to its woes. Will the coming week bring much needed optimism for the Pound or will the slide to parity continue? more...
Technical analysis shows brent crude possibly in for further downside as $90 looks to trade support for resistance. The daily price is in oversold market condition and located below 200 SMA in the bearish area of the chart: the price is breaking support level at 87 to below for the bearish trend to be continuing. Alternatively, the price will be on secondary ranging within the s/r levels. more...
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