The GBP had week towards the USD, however as Brexit looms ever nearer and the UK and EU have nonetheless not progressed within the Brexit negotiations, analysts are involved {that a} onerous Brexit with no settlement in place could have the UK fall below WTO guidelines in 2021, which might seemingly weaken the British Pound. Oil rose barely this week as OPEC agreed to cut back manufacturing into July, however manay analysts imagine the uncertaintly of future demand, coupled with Libya restarting manufacturing at two oil fields will result in future drop in costs.
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