Iraqi OilMin: Agreed with Saudi Arabia on extending OPEC oil output cuts for further 9 months

According to a recent report by Reuters, after meeting with the Saudi Energy Minister, Iraqi Oil Minister announced that they agreed with Saudi Arabia on extending OPEC oil output cuts for further 9 months. Saudi Energy Minister also confirmed that Iraqi PM and Iraqi oil minister both agreed to extend the cut for 9 more months.

Fed’s Kaplan: 3 rate hikes in 2017 is appropriate

Dallas Fed President Robert Kaplan crossed the wires, via Reuters, arguing that two more rate hikes seem prudent this year and that the Fed should beg
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EUR/GBP: bets are on the bid, eyes for top of the 2017 channel at 0.8712

Currently, EUR/GBP is trading at 0.8634, up 0.44% on the day, having posted a daily high at 0.8654 and low at 0.8600. EUR/GBP is consolidating the re
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