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BoE is stuck between a rock and a hard place – Yohay Elam

The UK economy has been suffering of late as the larger-than-expected drop in Q4 GDP as well as other unfavorable data show. Yohay Elam, Analyst at Forex Crunch, suggests that the BoE should remain on hold in February, with a slight possibility of a further QE expansion.
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US: WTI Crude Oil Stocks rose 2.623M in Feb-1

Crude oil stocks almost rose as much as the expected 2.700M, coming in at 2.623M in the week ending at February 1. Data had risen by 5.947M in the week before.
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