Oil & Gas UK Economic Report 2015
Figure 3: Brent Futures Curves Reflect Shift in Price Expectations
120
100
80
60
40
End December 2013 Mid 2014 End December 2014 August 2015
20
Brent Futures Daily Settlement Prices ($/bbl)
0
2014
2015
2016
2017
2018
2019
2020
Source: Intercontinental Exchange
Figure 4: US Dollar-UK Sterling Spot Exchange Rate
2.10
2.00
1.90
1.80
1.70
1.60
1.50
US Dollar to UK Sterling Exchange Rate
1.40
1.30
1.20
2008
2009
2010
2011
2012
2013
2014
2015
Source:Bank ofEngland
14
ECONOMIC REPORT 2015
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