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United States EIA Crude Oil Stocks change came in at 7.792M, above forecasts (4.76M) in January 29

FXStreet.com (Barcelona) For more information, read our latest forex news.

GBP/USD extends rally to near 1.4600

GBP/USD broke above the 38.2% retracement of its December-January fall and reached fresh 3-week highs as the greenback continues to weaken across the board.
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Critics upset with PM Cameron for accepting EU’s "watered-down" deal

Brussels yesterday made an offer to British PM David Cameron which according to critics contained "watered-down" pledges. As per the offer EU migrants will get “gradually increasing access” to benefits after they come to the UK . Cameron had demanded a complete ban on EU migrants receiving any benefits. The offer has been dubbed as “pathetic” and “insubstantial”. The PM has however welcomed the president of the European Council, Donald Tusk’s offer confirming that he “sure would” take the offer.
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