Pound jumps after Haldane turns hawkish and UK deficit falls – as it happened

Photo of Pound jumps after Haldane turns hawkish and UK deficit falls – as it happened
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All the day’s economic and financial news, including a new healthcheck on Britain’s public finances

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Traders are edgy this morning after the oil prices tumbled to seven-month lows.

Oil enters a bear market, again. Good morning Asia pic.twitter.com/2YBS9ihxy1

High levels of storage -Oil price fell 2% officially entering bear market territory #gulfintelligence#oil&gas pic.twitter.com/N6XhSsIBJt

#Oil below $46 this am as even falling US stocks & stringent #OPEC #NOPEC compliance can't distract bears from inventory overhang #OOTT pic.twitter.com/ge3j9HDmI8

As for the black gold, investors are becoming a little anxious towards the rising production out of Libya, however, OPEC has stated it before that the production level out of Libya is already taken into account in the part of their production cut strategy. Saudi Arabia also reported higher export data on Tuesday.

It is important that not only production cuts are under control but also the export numbers as well.

Its understood there will be 8 Brexit related bills in Queens speech #maastrichtonstilts

Govt to shelve planned energy bill price cap in Queens Speech. Will instead become a consultation.

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view The Guardian: Economics
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