16th December 2019
- Sterling soared to 1.3508 against the USD on Friday following the result of the General Election which delivered a Conservative majority of seventy-eight. The US Fed, meanwhile, stuck to its current interest rate.
- Brent peaked last week at $65.29/bbl on the news of President Trump delaying tariffs on Chinese goods and market optimism around Brexit.
- The UK wholesale price of diesel open on Friday 0.70 ppl below the previous day’s close, driven by the spike in the value of the pound.