Brent finds bids around 50-DMA

Brent futures found bids around the 50-DMA located at $33.78 levels, but still remain weak on the day around $34/barrel.
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Next interest rate move will be up – BOE’s Shafik

While testifying on inflation and the economic outlook before Parliament's Treasury Committee, Bank of England (BOE) deputy governor Shafik noted that wage growth will accelerate if the labour market continues to tighten.
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