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EU proposes energy measures, avoids immediate gas price cap, CRUDE OIL News By Kites Commodity

The European Commission proposed another set of emergency measures on Tuesday to tackle high energy prices, but steered clear of an immediate cap on gas prices as EU countries remain split over the idea.

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Sterling pauses after UK fiscal U-turn rally, yen scrabbles off 32-year low, FOREX News Update By www.KitesCommodity.com

 Sterling paused on Tuesday, after surging almost 2% the day before, as improved investor sentiment sent the safe haven U.S. dollar lower against major peers following the UK’s dramatic U-turn on its fiscal plans.

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