Things have gone from bad to worse for the pound. As it stands, the pound is now the most volatile currency in the G-10.
A huge week ahead with the Fed meeting and a market expectation of an immediate rate cut and plans for more to follow.
The pound has come under renewed attack on the increasing fears of a ‘hard’ Brexit, which led to its fresh 28-month low. U.K Prime Minister Boris Johnson has ramped up preparations for a no-deal withdrawal from the EU, with around three months remaining.
Crypto sees BTC still glued to $10,000 and seems happy to dance either side of it. ETH continues to hold around $218. That aside, very little to tell. The weekend, as usual, would be a different story.
The strength of online advertising is proving once again its power in driving profits through the roof at Alphabet, the parent company of Google, which demonstrated better-than-expected financial results for the second quarter of the year.
The crypto market starts positively on Thursday. BTC rallies up to $10,180 and ETH to $226. The battle for direction continues as the market continues to digest everything that is…Read More
Mounting pressure on the euro comes from recent data showing Germany’s manufacturing sector contracting at the quickest pace in seven years, while French business growth also unexpectedly slowed.
The day saw an early decline in crypto across the board as BTC rather suddenly dropped through the $10,000 down to $9,580.
It’s the news that’s been coming at us all summer-long. Boris Johnson has, as many suspected he would, triumphed over his compatriot, Jeremy Hunt, and has been elected the leader…Read More
As I sat down BTC is breaking back under $10,000 and ETH has slipped to $211. It’s a sea of red across the crypto market. The attempts to move higher over the weekend have been thwarted and downside pressure is with us once again.
