Sterling drops to 1-day lows

The sterling dropped to its one day low amid the data releases showing that the retail sales in the U.K diminished aggressively for the month of September adding concerns that the British economy is losing considerable momentum.

Sterling and U.S. dollar at 1.3152

The GBP/USD traded at 1.3152 declining 0.42% following the retail sales drop by 0.8% in September.

The British currency was also weaker versus the euro, thus the EUR/GBP trading to 0.8973 appreciating 0.53%.

Crude oil near its 3-weeks highest zone

Crude oil traded near its hights zone within a period of three weeks as it was supported by the positive indications that the market regained balance.

U.S. WTI futures traded to $51.89 a barrel slipping 15 cents or 0.3%, Brent crude futures to $57.97 a barrel falling 0.3% or 18 cents, natural gas futures to $2.877 per million British thermal units tacking on 2.3 cents, and gasoline futures to $1.655 a gallon adding 0.5 cents.

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