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The latest decrease in OPEC+ quotas, combined with an extra cut from Saudi Arabia sent oil prices 7% higher last week. Despite the move, the market has grown far too complacent about the risks in the sector and the murky outlook for 2020. CFTC positioning data showed a shift into antipodeans and out of the low-yielders. The British pound (GBP) regains 1.3150s, making the GBP the year's highest performing currency. Earlier today, Ashraf closed the Premium long GBPUSD trade at 1.3170 for 250-pip gain, before the next move ahead of Thursday's elections