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The latest labor data from the UK helped to push the Pound Sterling above the $1.29 level during London trade on Tuesday.

Optimism about a trade deal between the U.S. and China remained high on Tuesday, though Asian markets failed to reflect the sentiment, trading mostly lower in the early afternoon in Asia.

Oil prices started the week by trading at their highest prices since November 2018, boosted by supply concerns due to sanctions from the U.S. against Iran and Venezuela, as well as OPEC’s production cuts which began in January.

This week is likely to see an increase in market activity, with central bank input due from the U.S. Federal Reserve and the Reserve Bank of Australia, as well a few items of crucial economic data for various currencies.

Trading is difficult, not complicated – when you press the “buy” or “sell” button, you are either correct or not, and you have little to do with that.

The US Dollar moved lower versus the Japanese Yen during Asian trade on Friday after some disappointing data cemented beliefs that the US central bank will hold interest rates unchanged for the remainder of the year.

The Pound Sterling earlier hit a 4-week trough as FX traders await the outcome of the Parliamentary debate.

While news affects the financial markets, traders should ask themselves “What matters more, the reason a market moves, or the fact that it does?”

According to reports from Bloomberg and Reuters, U.S. President Donald Trump is weighting the possibility of extending the March 1st deadline.

The Pound Sterling remained below the $1.29 threshold during London trade on Wednesday after the news that consumer inflation fell 1.8% in January, below expectations, to a 2-year trough.