WTI steadies near $63.50 as Russia-Ukraine peace prospects dim
West Texas Intermediate (WTI) crude oil traded flat on Friday, hovering around $63.40 during Asian hours, after two consecutive days of gains. Prices remained steady as optimism over an immediate Russia-Ukraine peace settlement continued to fade, keeping risk premiums intact. According to Reuters, analysts at ING noted, “It’s proving difficult to arrange a Putin-Zelenskyy summit, […]
EUR/GBP edges lower near 0.8650 ahead of German GDP data
The EUR/GBP pair trades with modest losses around 0.8650 in early European hours on Friday, as the Pound Sterling (GBP) finds support from expectations that the Bank of England (BoE) may refrain from additional rate cuts this year. Investors now await Germany’s second-quarter (Q2) Gross Domestic Product (GDP) release due later in the day. UK […]