Sterling firmed on key crosses Thursday, helped up by a slight improvement in UK retail-sales figures, a widely weaker dollar on perceived Federal Reserve jawboning and lingering Eurozone political uncertainty.
Crude-oil futures raced ahead Thursday after overnight American Petroleum Institute figures revealed a drop in US supplies of the black liquid.
Sterling was mostly lower Wednesday as mixed UK economic data reinvigorated Brexit nerves in the market, with investors' attentions now on the Federal Open Market Committee (FOMC) minutes due out at 19:00 GMT.
Crude futures pushed lower Wednesday as some in the market took a view that the global supply glut of the black liquid is set to last a lot longer.
Sterling firmed on most key crosses Tuesday, shrugging off some earlier softness as Bank of England (BoE) policymakers showed little appetite for lifting interest rates any time soon.
Crude-oil futures raced ahead Tuesday as a key Opec official said more measures may be needed to curb a persistent global glut of the black liquid, while a stronger dollar weighed on gold.
Sterling was overall firmer Monday as UK's House of Lords began discussing Prime Minister Theresa May's Brexit Bill, perhaps suggesting a curious sense of hope, while the US dollar drifted lower due to the Presidents Day holiday there.
Crude-oil futures are ahead Monday despite a rising rig count in the US, with sterling gaining against the US dollar as the UK Brexit Bill goes before the House of Lords for discussion.
Sterling traders were unnerved on Friday by worse than expected UK retail sales data, which saw the British currency lower on most key crosses as the US dollar resumed resurgent.
Sterling turned in a ho-hum performance on key crosses Thursday, with dollar weakness the focus of traders pondering the outlook for near-term US rates rises and tending to gold safety amid lower global equities markets.
Gold is trading higher on Thursday, with both classes of crude oil also up, as investors like the safe-haven yellow metal amid nascent jitters on how long the global equities run-up can last.
Sterling flopped against most key crosses on Wednesday evening, with the already Brexit-devalued currency taking a welter of blows as traders adjusted their positions on the back of UK employment data out earlier.
Crude futures reversed earlier softness to up up late on Wednesday afternoon as the markets welcome a string of US economic news, shrugging off confirmation of higher-than-expected oil stores.
The price of safe-haven gold was little moved after US Federal Reserve chair Janet Yellen testified for the Senate banking committee on Tuesday.
Sterling turned in a mixed performance on key crosses Monday as investors assessed an upwardly revised UK economic growth forecast and looked ahead to Tuesday's consumer-price index (CPI).
Industrial metals flew higher on Monday with copper a stand-out performer thanks in part to a mine strike in Chile, while crude was under pressure after OPEC updated on its output cut.
Sterling put in a mixed performance Friday as it made minor gains against the dollar and euro following a string of positive UK data, but fell against most commodity currencies.
Crude-oil futures zoomed north on Friday as traders welcomed International Energy Agency (IEA) figures showing near-unprecedented output cuts taking place across the board.
Sterling plugged away to produce a mixed performance on key crosses in a session that has been cautious given the glut of global political uncertainty.
Crude-oil futures soared ahead on Thursday amid overall cautious trade after shrugging off the sell-off it experienced earlier this week on the back of hefty rises in US inventories.