The British pound rose against a basket of currencies today, and jumped to a 2-year high against Euro.

This came after latest opinion polls showed that the ruling Conservatives by are enjoying a strong lead by 10 points over Labour Party.

Which increased odds for the Prime Minister Boris Johnson's Conservative Party of winning the parliament majority in the British snap election on Dec.12.

Amid growing optimism that the Conservatives will win a majority of parliamentary seats to secure a Brexit deal before the end of January.

Johnson and Conservative Party want to bag the majority of parliamentary seats to secure a deal with the EU and prevent a no-deal Brexit secinaro, which is rejected by the Labour Party that sees the need to negotiate a better deal with Brussels before the exit.

As for trading, GBP/USD rose by 0.8% to 1.1825 (the highest since May 2017) as of 20:36 GMT, the pair hit an intraday high of 1.183 and a low of 1.72.

Silver prices fell on Wednesday, on subdued safe-haven demand on precious metals, after hopes about the US-China trade deal were renewed spurred investors risk-appetite on stocks.

Multiple news agencies said the US and China are close to signing the phase one of the final trade deal, bearing in mind that the US might impose further tariffs against China by mid-December.

Which comes despite President Donald Trump's remarks yesterday that a trade agreement with China might have until after the presidential election in 2020.

Otherwise, the dollar index fell against a basket of currencies by about 0.1% to 98.6 points as of 20:49 GMT, and hit an intraday high of 98.7 and a low of 98.4.

Silver futures (March delivery) fell by 1.9% and closed at $16.916 an ounce, to wipe out Tuesday's gains by 1.7%, with today's high of $17.415 and a low of $16.865.

Gold prices fell today, after hopes about the US-China trade deal were renewed, which dampened safe-haven demand on precious metals and spurred investors risk-appetite on stocks.

Multiple news agencies said the US and China are close to signing the phase one of the final trade deal, bearing in mind that the US might impose further tariffs against China by mid-December.

Which comes despite President Donald Trump's remarks yesterday that a trade agreement with China might have until after the presidential election in 2020.

Otherwise, the dollar index fell against a basket of currencies by about 0.1% to 98.6 points, and hit an intraday high of 98.7 and a low of 98.4.

Gold futures (February delivery) fell by 0.3% and closed at $1,480.2 an ounce, with a high of $1,489.9 and a low of $1,476.7.

Oil prices rose today, buoyed by the return of optimism about the US and China trade file and the EIA crude inventories data.

The US Energy Information Administration (EIA) showed that the US crude inventories fell by 4.9 million barrels last week, lower than forecasts of a drop by about 0.7 million barrels.

The data were more than the American Petroleum Institute (API) yesterday, which showed a drop by about 3.7 million barrels in inventories.

Multiple news agencies said the US and China are close to signing the phase one of the final trade deal, despite President Donald Trump's remarks yesterday that a trade agreement with China might have until after the presidential election in 2020..

As for trading, West Texas Intermediate (WTI) rose 4.2% to $58.4 a barrel as of 17:45 GMT, with a session-high of $58.6 and a low of $56.2.

Brent rose 4.1% to $63.3 a barrel, and hit a high of $63.5 and a low of $61.