P508ORACLE 508 Mon 3 Feb C4 1713:02
THE
Mon 16.00
£ Index 73.5 (-1.1) Fri close 74.6
£1 = $1.3870 (-2.37 cents) £1 = $1.4107
The pound remains out of favour in the
wake of the pessimistic statement from
Sheikh Yamani on oil production quotas.
Pressure on sterling has slackened a
little, but the market remains
sensitive with few operators anxious to
open new positions.
The pound is off the bottom although
still well down with nothing from the
OPEC talks in Vienna to stimulate
sentiment.
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