Tuesday, January 12, 2016

GBP lowest since 2010


Brent premium recently disappearing; now showing up in exchange rate.



2 comments:

Simon Hawk said...

I don't understand the link between Brent Premium prices and the fall in the pound.

Matt Franko said...

Reduced terms of trade... North Sea oil now being offered for lower prices in USD terms... reduces the value of all financed North Sea oil inventories... banks have to make regulatory financial adjustments....

'Its about price not quantity...'