Brent premium recently disappearing; now showing up in exchange rate.
Pound falls to lowest since June 2010 https://t.co/tfu49seLAj pic.twitter.com/F1gHl8gVB6
— Bloomberg Markets (@markets) January 12, 2016Pound falls to lowest since June 2010 https://t.co/tfu49seLAj pic.twitter.com/F1gHl8gVB6
— Bloomberg Markets (@markets) January 12, 2016
2 comments:
I don't understand the link between Brent Premium prices and the fall in the pound.
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...'
Post a Comment