During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
British equities conclude up
On Friday, British equities concluded the trading session up due to strengthening sectors of oil and gas equipment, automotive as well as industrial transport.
As a matter of fact, the UK 100 managed to tack on by 0.29% - the benchmark demonstrated a 3-month maximum.
Among the top performers of the index UK 100 one should mention equities of ITV PLC, which headed north by 7.26%, closing at around about 172.00. Shares of Randgold Resources Ltd rallied by 3.81%, completing the trading session at 5.890.00. Additionally, Paper Anglo American PLC rallied by 3.29%, to conclude at 1.859.40.
Leaders of the dive were shares of Capita PLC, which slumped by 4.16%, completing the session at 123.20. Equities of DCC plc soared 2.28%, ending up with 7.290.0, Severn Trent PLC dived by 2, 18%, coming up with an outcome of 1,976.00.
On the London Stock Exchange, the overall number of more expensive securities (1096) beat the number of closed in the red (831), while the quotes of 357 shares didn’t change.
In addition to this, equities of Anglo American PLC managed to grow 3.29%, coming up with an outcome of 1.859.40.
As for commodities, June delivery gold futures managed to tack on 0.02%, reaching a result of $1.322.50 per troy ounce.
In addition to this, June delivery WTI futures inched down by up to 0.62%, getting to $70.92 per barrel. July delivery Brent futures were caught diving 0.23%, offering a result of $77.29 a barrel.
Meanwhile, in the foreign exchange market, the currency pair GBP/USD inched up by about 0.33%, demonstrating a reading of 1.3565. At the same time EUR/GBP tacked on up to 0.02% to conclude the level at 0.8814.
As for futures on the USD index, they inched down by about 0.27%, showing a result of 92.32.
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We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.