The Bank of England could move more quickly to cut interest rates if there is further good news on inflation but conflict in the Middle East could push up oil prices, Governor Andrew Bailey told the Guardian newspaper.
The dollar hit a three-week high against the euro on Wednesday after the ADP national employment report showed U.S. private payrolls increased more than expected in September, ahead of Friday’s highly anticipated jobs data.
Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply outlook.
XRP was trading at $0.5414 by 17:59 (21:59 GMT) on the Investing.com Index on Wednesday, down 10.10% on the day. It was the largest one-day percentage loss since April 13.
Crude oil for November delivery was up 1.53% or 1.07 to $71.17 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 1.35% or 1.00 to hit $74.90 a barrel, while the December Gold Futures contract rose 0.21% or 5.50 to trade at $2,675.20 a troy ounce.
