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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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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Matt Vann

Matt has been trading for over a decade, trading with various forms of Futures, Spread Betting and occassionally, CFDs. He'll trade limited markets including Indices, Currencies and selected Commodities such as Silver and Natural Gas.

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