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Global economy set to post its best performance in seven years in 2018 - OECD

The global economy looks set to post its best performance in seven years in 2018, reveals the Organisation for Economic Cooperation and Development (OECD's) interim economic outlook, released today.  

Key points:

   •  keeps 2017 world economic growth forecast at 3.5%, unchanged from June forecast
   •  2018 increased to 3.8% vs 3.7% previous
   •  US Growth Of 2.1% in 2017, 2.4% in 2018 (both unchanged)
   •  Eurozone 2.1% in 2017 (+0.3), 1.9% in 2018 (+0.1)
   •  Japan 1.6% in 2017 (+0.2), 1.2% in 2018 (+0.2
   •  UK 1.6% in 2017, 1.0% in 2018 (both unchanged)
   •  China 6.8% in 2017 (+0.2), 6.6% in 2018 (+0.2)

EUR/GBP slides farther below 0.89 handle after stellar UK retail sales

Having faced rejection near the 0.8900 handle, the EUR/GBP cross turned lower and dropped to a session low level of 0.8826 on upbeat UK macro data. T
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EUR/USD sticks to gains above 1.2000, Fed decision eyed

The EUR/USD pair extends its upward trajectory into a fifth day today, as the bulls continue to cheer improved Eurozone economic outlook. However, fur
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