London stocks fall as political uncertainty, soft economic data weigh

UK 100 daily chart

The UK’s main stock indexes closed lower for a third consecutive session amid political uncertainty ahead of UK’s elections in July, while news of slower growth across businesses in May weighed on sentiment.

Oil slips for third day

U.S. crude oil inventories rose unexpectedly last week due to a big adjustment for unaccounted barrels, while gasoline stockpiles fell as demand grew ahead of the summer driving season, the Energy Information Administration said.

Oil prices fell around 1.3% , retreating for a third straight day on expectations that U.S. interest rate cuts might be deferred due to sustained inflation, which could weaken oil demand.

The Oil-Dollar pair plummeted 1.3% in the last session. The ROC is giving a negative signal.
Support: 77.1767 | Resistance: 80.4567