Do you want your money to grow, but you don’t like to take high risks? Or maybe you’re just curious to try the world of investments, but you don’t have much money. Or you might have the capital, but you don’t know where to invest. In the past, in these situations there was not much […]

During the 2016/2017 Christmas & New Year Holiday season, the trading times will be as follows: Instrument 23/12/2016 26/12/2016 27/12/2016 30/12/2016 2/1/2017 Forex Normal Hours Opens 06:00 Normal Hours Normal Hours Normal Hours US Shares Normal Hours Market Closed Normal Hours Normal Hours Market Closed UK Shares Early Closing at 14:30 Market Closed Market Closed Early Closing […]

Brent Oil and WTi crude oil traded lower on Wednesday in reaction to industry data that showed a huge build in U.S. crude stockpiles that started the day at a record high.Brent Crude was down 12 cents at $36.69 a barrel. On Tuesday, the market settle up 24 cents after touching $37.25, the highest level since January 5. WTI Crude was down 40 cents at $34 a barrel.

Oil prices slid further on Wednesday after Saudi Arabia dismissed the possibility of a production cut and traders expected another increase in U.S. oil stockpiles.

Brent crude LCO6J -2.16% on London’s ICE Futures exchange fell $0.79, or 2.4%, to $32.47 a barrel. On the New York Mercantile Exchange, light, sweet crude futures for delivery in April CL6J -2.95% traded down 2.4, or $0.80, at $30.75 a barrel. Both benchmarks lost more than 4% on Tuesday.

The downside momentum in the sterling is now picking up further pace, dragging GBP/USD to the 1.3930 area.

GBP/USD in fresh multi-year lows

Spot has deepened further into the negative territory today, navigating levels last seen in March 2009 around 1.3930 following a pick up in the demand for the greenback, which has leaped to daily highs when measured by the US Dollar Index.