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Obscure demand outlook

Obscure demand outlook

UK company insolvencies hit new pandemic highs in November

  • #Oil prices have rallied back to their pre-pandemic levels and then some, but U.S. crude production has yet to fully rebound
  • Company insolvencies in England and Wales rose last month to their highest level since January 2019, surpassing pre-COVID levels for the first time
  • The U.S. dollar remained under pressure, a day after the Bank of England and European Central Bank adopted more hawkish stances than markets had expected
  • The last session saw USD fall 0.4% against JPY
  • #BTCUSD gained 0.2%
  • #WTIUSD plummeted 2.1% in the last session


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