Tags Posts tagged with "Forecasts"

Forecasts

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Oil futures stabilized on Wednesday after experiencing some of the biggest falls in three months. Brent crude futures stabilized around the 56 dollar mark despite physical supplies of crude rising on the week.

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The dollar was relatively flat after the publication as it provided few surprises. The committee saw the economy as being robust enough to withstand a rate (possibly in in September) while concerns over Greece were raised as expected.

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Cable saw another bearish session on Wednesday plummeting 0.8% and adding to losses earlier in the week. GBP/USD slid to 1.5324 where it received support on the 200-day moving average line.