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Oil Price - Pound, gold and oil prices in focus: commodity and currency check, 27 December
27-12-2024 01:36
Expectations are building that the central bank could adopt a dovish approach in 2024, after a split decision in December where three policymakers voted in favour of rate cuts. The BoE held its key interest rate at 4.75%, but the split vote raised speculation that rate cuts could accelerate in 2025.
Oil prices up in thin pre-Christmas trade
Oil prices were up on Tuesday in thin trade ahead of the Christmas Day holiday, with prices supported by U.S. economic data and rising oil demand in India, the world's third-largest oil importer. Brent crude futures were up 33 cents,