Crude Oil Futures Soar Despite Bearish Inventory Report!

The British Pound had a tough day today, slipping 76 ticks, while the Dollar Index ended the day exactly flat. The trouble in the spot market occurred in European trade when there was a surprise downward revision to the Q2 GDP figures. Also weighing on matters was some dovish commentary from MPC member Blanchflower, who was the sole dissenting vote in the last Bank of England rate hike. Read More....