After opening November below $60/bbl, Brent Crude rose steadily, reaching a high of $64.60/bbl in the final week on hopes of a breakthrough in the US-China trade war.
GBP maintained a limited 0.02 spread between 1.277 – 1.297 vs USD, as market confidence in a Conservative victory in the upcoming election helped keep Sterling afloat.
Domestic pressure on both sides of the Pacific as Trump faces impeachment proceedings while China’s Xi Jinping grapples with Hong Kong’s 16th week of civil unrest.