The dollar traded higher versus majors ahead of the Brexit vote in the UK Parliament then the GBP reversed sharply to close near the flat line while other FX markets traded in very narrow ranges with investors switching to the dollar following positive US News and the rally in the US equity markets. EU equity markets and US equity markets traded higher led by another stellar performance in technology stocks while metals traded sideways heading to a flat close. Oil traded sharply higher ahead of the inventories number today on OPEC led supply cuts that at this point keep prices above the 50$ per barrel level. Oil prices closed yesterday at 52.26$ per barrel ahead of the news today in the afternoon.
UK BOE Gov Carney speech at 10:15 am, UK CPI at 10:30 am and OIL Inventories at 3:30 pm are the important news on the agenda Wednesday.
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