UK currency slid after BoE meeting minutes

Note: This section contains information in English only.
Source: Bloomberg
The Cable weakened after no MPC members were reported to vote in favour of an interest rate hike. The committee members Martin Weale and Ian McCafferty changed their mind regarding the suitable interest rate level due unstable and weak oil prices that in turn may lead to low inflation. In a different report, the UK wage growth came out below the analysts' estimate.

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Thu, 22 Jan 2015 10:53:06 GMT

Oil futures slide ahead of ECB data

On Thursday crude oil futures slumped ahead of the conclusion of the ECB's meeting. WTI oil for March delivery lost 53 cents and traded at $47.25 per barrel, compared to $47.78 per barrel on the previous day. Brent crude futures for March delivery also declined, losing 29 cents and settling at $48.74 per barrel. According to expectation's, the US report

Wed, 21 Jan 2015 21:39:04 GMT

Oil gradually recovers from the biggest weekly drop; volatility increases

Oil commenced a recovery after a strong weekly decline, being that historically low prices are slowing oil drilling activities in the United States. BHP Billiton Ltd., the largest diversified natural resources company in the US, announced it is going to reduce the amount of active oil rigs by approximately 40%. 

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