Pound Traders Set Brexit Bets as Key Summit Comes Into Play

Gold Silver Reports — What will Brexit look like in three months’ time? Pound traders are trying to figure it out.

Wednesday marks three months until a key European leaders meeting that could shape the final divorce. That means benchmark 3-month sterling volatility will start to cover the Oct. 19-20 summit for the first time. Traders need to gauge how a German election, three months of talks and political feuds in the U.K. will change the Brexit outlook by then.

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Euro Climbs as Draghi Talks Up Growth; Gold Slips

Draghi: Central bank Independence

Draghi - neal bhai reportsGold Silver Reports — Central banks dominated markets on Thursday, with the euro and bonds whipsawed after the ECB kept rates on hold before the bank’s President Mario Draghi talked up European growth. Stimulus was maintained in Japan, sinking the yen and lending support to the dollar.       

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Indian Crude Oil Basket Rises Near $48 Levels

Crude Oil

Gold Silver Reports — Indian Crude Oil Basket Rises Near $48 Levels — The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.74 per barrel (bbl) on 19.07.2017.

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UK Retail Sales Recover 0.6% On Month In June

Gold Silver Reports — UK Retail Sales Recover 0.6% On Month In June — UK retail sales grew 0.6 percent month-on-month in June, reversing a 1.1 percent fall in May, data from the Office for National Statistics revealed Thursday. Excluding auto fuel, retail sales climbed climbed 0.9 percent, in contrast to a 1.5 percent decrease in the previous month.  

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ADB Raises Developing Asias Growth Outlook

Gold Silver Reports — ADB Raises Developing Asias Growth Outlook — The Asian Development Bank (ADB) raised its developing Asias growth outlook citing stronger-than-expected export demand. In its Asian Development Outlook, released Thursday, the bank upgraded developing Asias growth outlook for 2017 to 5.9% from 5.7%.

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