Outlook

28 November 2017

Global economic data has taken a positive turn leading to optimistic demand projections for oil. The Eurozone is on-board with the global trend, lifting the Euro up from major lows earlier this year. Even the Greek economy is reporting healthy growth levels. The chief laggard in EU is now the UK which is on the way out, more good news for The Euro.

On the plus side for The UK, the pound has retraced half of the post-Brexit-vote dip. The full re-tracement can only happen once Brexit is complete, a good argument for a cliff-edge solution. The improving global economic climate is softening the blows and heralding a return to investment in The UK. More details here.

 

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