Market News

During the London trade on Thursday, the Pound Sterling lost ground against its US rival as a result of a number of factors.

Oil markets fell significantly during Wednesday's session, ending in a month low despite dwindling crude oil stockpiles.

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The Pound Sterling edged lower against the US Dollar but remained steady versus the Euro as market players await direction from the Bank of England.

Yesterday, oil markets closed on the positive territory after markets received good news about the state of the economy.

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The Pound Sterling struck a fresh 8-month peak versus its rival across the, largely a factor of a much weaker US Dollar.

The Reserve Bank of Australia recently announced its decision to leave the interest rates unchanged at 0.25 percent, remaining in line with the analysts' expectations.

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The US Dollar is poised to record a fourth consecutive monthly loss after today's trading day.

China's Federation of Logistics and Purchasing recently released the country's Purchasing Managers Index (better known as PMI) which showed an expansion on the business sector, surpassing the analysts' expectations who foresaw it to slow down.

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The US Dollar continues to hold positive momentum against most of its peer after the Federal Reserve announcement at the Jackson Hole Economic Symposium.

Against the US Dollar, the Pound traded close to the $1.32 level as market players await the beginning of the Jackson Hole economic symposium.

Yesterday, the oil markets closed mixed after the markets confirmed an important drop in crude oil inventories.