- US jobs data in line with forecasts ahead of Friday’s non-farm figures
- Eurozone GDP jumps by 0.5%
- UK construction PMI beats forecasts
- Crozier leaves ITV
- M&S poaches Halfords chief
Sterling has slipped back after Theresa May accused the EU of attempting to influence the outcome of the UK general election.
The pound, which had earlier climbed as high as $1.2949 against the dollar, is currently down 0.26% at $1.2902. Jameel Ahmad, vice president at FXTM, said:
While the British Pound has hardly tumbled as of writing, the comments from Theresa May on Wednesday afternoon do go some way towards disclosing how strained relations with the European Union have become after invoking Article 50, and the risk of them becoming worse are significant when you consider how tense the negotiations with the EU are likely to get over the next two years.
US crude inventories dropped last week, but not as much as analysts had been forecasting.
According to the Energy Information Administration, crude stocks fell by 930.000 barrels to 527.77m, but this was below forecasts of a 2.3m decline.