Market News

The Pound Sterling saw some positive momentum during the London trade on Monday with the GBP/USD coming close to the pair's 200-day moving average which was set at $1.27.

On Sunday, oil futures markets gave up some of Friday's gains, in light of the advance of the coronavirus epidemic around the world and the OPEC technical meeting that is taking place this week.

Precious metals strong; Friday sees record new coronavirus cases; Stocks broadly higher globally

In the US, a resurgence of new cases of Coronavirus undermined the Trump administration's hope for a swift return to economic normalcy.

The Pound Sterling made headway against its US rival after the finance minister announced his plans to provide a boost to the struggling economy.

Oil markets advanced yesterday in light of an increase in energy demand.

Precious metals hit record highs; U.S. coronavirus cases pass 3 million; Stocks higher with NASDAQ making new all-time high

The Pound Sterling steadied during London trade on Wednesday after touching a 3-week peak on Tuesday against its main rivals, the greenback and Euro.

Yesterday oil futures markets dropped in light of a possible slower decline of world oil production and the fact that U.S. crude oil inventories increased, contradicting the analysts' expectations.

Stock markets mixed; Precious metals remain strong; Brazilian president test positive for coronavirus as disease rages

The Pound Sterling traded close to a 3-week peak versus the US Dollar and moved higher on the Euro as FX traders await further details from the UK government on how they will provide additional support for the economy.

Yesterday the oil markets advanced, in light of a possible increase in the oil demand and tighter supply.

U.S. stocks up but Asian markets mixed; RBA leaves rates unchanged; India has third highest number of coronavirus cases globally

Oil prices started the week higher on Monday, boosted by positive economic data that showed signs of global economic recovery even as the number of global coronavirus cases continues to rise across the globe.

The Pound Sterling gained some positive momentum versus its US counterpart and its EU rival, the common currency Euro, even as FX traders gauge the upcoming Brexit talks and the announcement of additional support measures from the UK government.