Oil price drop impact markets

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    It had been hoped for that BoE Governor, Mark Carney, would have a few words to say on the UK’s interest rate situation in an address to Brussels yesterday, but, alas, his speech was mostly occupied by talk of the UK’s housing market and his concerns for it. One of the biggest influences on GBP yesterday came by way of a drop in oil prices to a 7 year low – GBP versus CAD then hit a high of 2.03 (interbank). Today we’ll see the release of manufacturing and industrial production numbers

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