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FX Daily Report Oct 11

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Market News

US and Asian equities made gains overnight, with crude rallying almost 3%, and Brent moving to a one year high of $53.73/bbl. This move was caused by Putin stating that Russia would join OPEC in limiting Crude production. How nice!

For the UK, retail spending rose 1.3% in September, with firm sentiment rebounding according to Deloitte in their Q3 survey.

No major moves in the currency markets, and another quiet day predicted. GBPUSD currently sits at 1.2303 and GBPEUR at 1.1069.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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