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Saudi Energy Minister: No need now to freeze oil output

Arabiya TV reporting the following comments from Saudi Energy minister Khalid A. Al-Falih via Reuters:

“No need now to freeze oil output”

“Oil prices are improving and freezing production is not the only solution

“Iran oil production has reached pre-sanction levels”

“Optimistic that coordination with other parties ongoing ahead of Algeria meeting“

GBP/USD retraces UK PMI-backed gains, 1.3320 tested

A spurt of buying interest behind the GBP witnessed in response to stronger UK services PMI data lost steam over the last hour, now pushing GBP/USD ba
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GBP/JPY fades UK PMI-led bullish spike, drops back to session low

The GBP/JPY cross faded UK PMI-lead a bullish spike above 138.00 handle and is now headed back towards session low.  Currently trading around mid-137
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