Germany Industrial Production s.a. (MoM) above forecasts (0.5%) in January: Actual (0.6%)

FXStreet.com (Barcelona)

WTI steadies above USD 50/barrel

WTI oil futures on the Nymex remained underpinned in the early European morning, on the back of escalating geopolitical conditions in Iran and Libya.
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GBP/USD trades at 50-DMA

The GBP/USD pair trades at 50-DMA located at 1.5240, after having managed to recover above the same from the low of 1.5213 in the previous session. With no major data due out of the UK, the pair is likely to trade in line with overall market sentiment ahead of the US monthly jobs report.
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