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Brent to average USD 55/barrel in 2016 – Fitch

FXStreet (Mumbai) - The ratings agency Fitch sees Brent crude average around USD 55/barrel in 2016 and USD 65/barrel in 2017.

In its latest outlook the ratings agency says, “low oil prices will continue to weigh on the sovereign credit profiles of major exporters in 2016, vulnerability varies, but the impact could be felt through negative sovereign rating actions.”

EUR/USD finds support in EUR/GBP rally

The uptick in the EUR/GBP cross is ensuring the EUR/USD pair remains around 1.0865 levels in the early US session.
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EUR/GBP clinches highs around 0.7260

The now better tone around the common currency is now lifting EUR/GBP to print daily highs near 0.7260...
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