View of Day: Sterling under renewed pressure

Simon Derrick, strategist at Bank of New York Mellon says the shock from the Dubai debt crisis could have an effect on Britain’s triple A status

Eurozone inflation turns positive

Eurozone annual inflation has turned positive for the first time in seven months but is still undershooting the European Central Bank’s goal by a wide margin

16:30 (CET) – Crude evolution

The black gold is trading at 76.60 dollars at the NYMEX. Right now, the pair maintains a clear upwards trend, climbing 1.5 in two hours. The price is getting closer to the intraday resistance at 76.80. If it tries to break it, there could be a pullback to 76.00 dollars.

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