The most renowned banking relationship in crypto has ended. Previously, Barclays, the London-based global bank, announced it is no longer working with cryptocurrency exchange Coinbase, industry sources said. Meanwhile, Coinbase found a replacement in U.K. upstart ClearBank. Clearbank is a younger and less stable operation, according to news reports. The shift has indirectly disrupted the …
The GBPUSD pair recovered from its losses last Friday. The pair inched its way up to 0.21%, or 0.0025 points, and has reached ranges of £1.2015 to £1.2069 during yesterday’s trading session. The weaker-than-expected data from the UK economy has weighed on the pound sterling. The UK economy saw a decline of 0.2%, far worse …
The GBPUSD pair is making a slight recovery in today’s trading after seen struggling last Friday. The news of the British economy declining for the second quarter of 2019 worried pound traders. The UK economy lost 0.2 percent in the months of April to June. According to the National Statistics Office, the data broke economists’ …
Earlier, in the forex markets, the pound-to-euro (GBP/EUR) currency pair exchange rate recovered slightly from the losses it has recorded, despite the firm German data going above expectations. The euro (EUR) was unable to have firm highs versus the sterling (GBP) amid trade war fears. Meanwhile, the GBP/EUR currency pair plunged from 1.1121 to 1.0946 …
Pound to Euro Exchange Rate Regains in the Forex Market Read More »
This morning in the forex markets, despite the firm German data above expectations, the pound-to-euro (GBP/EUR) currency pair exchange rate recovered slightly from the losses it recorded the previous day. Meanwhile, the euro (EUR) was incapable of holding its highs versus the sterling (GBP) amid trade war fears. Last week’s GBP/EUR currency pair plunged from …
Pound to Euro Exchange Rate Regains in the Forex Markets Read More »
Spot gold prices are reaching year record levels in today’s trading as the market braces itself for the Fed’s rate cut. Other safe haven assets inch up just a few hours before the prospects of the first Fed rate cut in over ten years. The XAU/USD exchange pair edges 0.16 percent or 2.29 points, it …
Spot Gold Prices Inch Up as Traders Focus on Fed | Wibest Read More »
The United Kingdom’s new Prime Minister, Boris Johnson, will press the European Union in the coming weeks for a better Brexit deal. According to a report, his office said that even though he will push the bloc, he is also preparing in case he fails. Impending fears of a harsh Brexit scenario further weighed on …
In Europe, the U.S. dollar kicked its highest level in two months. It has resumed an upward trend versus both the euro and sterling after weak performances on Thursday. During Asian trading, the dollar index, which tracks the greenback versus a basket of developed-market peers, gained 97.627. It was also increasing just above level 4, …
Crude oil and petroleum prices made a recovery in today’s trading session. Both US WTI crude oil and Brent oil futures took a dip in the earlier half of the day. Prices fell due to traders who say that Hurricane Barry caused supplies to fall. An analyst suggests that the weekly crude stockpile draw came …
On Thursday, the euro value was on a two-month low, ahead of a European Central Bank summit. Growth in the currency zone weakens, and this could indicate monetary easing. Opinions toward the single currency took a setback. It was after data showed Germany’s manufacturing sector contracted at the fastest pace in seven years. Meanwhile, French …
Conservative Party hopeful, Boris Johnson, wins the race for the British Prime Minister election on Tuesday. The Brexit campaigner will take his post on Wednesday. Johnson effortlessly topped over his rival Jeremy Hunt in voting. With a staggering 92,153 votes from members of the Conservative party, Johnson easily bagged the win. He acquired two-thirds of …
Crude oil and petroleum futures were seen in the trading flat in today’s session. The oil market continues to weigh on geopolitical tensions in the Middle East and the slowing demand. Brent oil futures, the benchmark for crude oil prices at the Atlantic, went down a mere 0.49 points or 0.79%. Brent oil prices reached …
Petroleum and Oil Prices trades flat in Wednesday’s session Read More »
On Monday, the dollar strengthened against the yen on the forex markets. Investors toughened outlooks for an aggressive Federal Reserve interest rate cut later this month. The dollar grew 0.2% versus the yen to 107.92 due to the rise in U.S yields. Friday’s modest gains were pushed by the benchmark 10-year Treasury yield and scaled …
On Wednesday, fears over a “Hard Brexit” and a probable general election took a higher risk premium for all sterling assets in the forex markets. In addition, the British pound plunged to its lowest in more than two years in early trading in Europe. In a news report, Boris Johnson called for a general election, …
Political Risk Affects Sterling in the Forex Markets Read More »
The candidate for British Prime Minister, Boris Johnson, said that he pledges to give support to farmers and the agricultural sector in case of a no-deal Brexit break. The British politician reportedly released an opinion in a leadership campaign event. He said he will do his part if Europe decides to enforce tariffs on agricultural …
British Prime Minister Candidate Vows to Aid Farmers Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
