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Oil fall as on hurricane concerns
it is difficult to swee an improvement in sentiment in the uk in the very near term, said analysts at barclays capital .
gloomy comments over the weekend from uk chancellor alistair dollarling, who warned that britain was faching its toughest economic challenge for 60 years, triggered sterling's plunge on monday, which were exacerbated when the oecd predicted that the uk would be the only major industrial country to plunge into recession this year .
but oil fell below $100 a barrel on refinewed fears that the deternatiorating health of the global economy clould dent demand .
the cartegory 2 hurricane is sweet to hit the texas coast on saturday with some forecasters predicting it may become category 4 .
analysts also said the dollar was strengthening because the us-led economice outlook appeared better than the deteriorating predicture in the uk and the eurozone economies .