In its predictions for 2023, the Ripple leadership team highlighted Central Bank Digital Currencies (CBDCs) as one of the biggest trends, as Bitcoinist reported. To drive this agenda, Ripple continues...
Tag: Pound
James Wallis To Represent Ripple at Digital Pound Webinar
James Wallis has been selected as a keynote speaker. Ripple has announced that its VP of Central Bank Engagements & CBDCs, James Wallis, will represent the company at the upcoming Digital Pound Fo...
Bank of England governor questions need for digital pound
Andrew Bailey, the Bank of England (BoE) governor, expressed skepticism on the need for a digital pound shortly after finance ministers from eurozone countries backed further work on a digital euro. ...
UK Central Bank Governor Queries the Necessity of Digital Pound
5 hours ago | 2 mins read News As per Andrew Bailey, the UK has a wholesale central bank money settlement system. The euro-zone finance ministers recently conveyed their support for the continuing dev...
Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime – Africa Bitcoin News
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months a...
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective – Finance Bitcoin News
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payment...
The digital pound will not track retail users, UK minister says
The cryptocurrency market is looking for a better footing in 2023 following the bear market that left many crypto-related companies bankrupt – and government and regulatory attention on the sector eve...
Digital pound won’t track retail transactions, UK minister says
A UK minister moved to quell concerns that a digital pound issued by the Bank of England could be used to create a “surveillance state” where the government can track all citizens’ spending. &#...
Should you buy or sell the British pound amid weak manufacturing data?
The new year has started, and liquidity is back in financial markets. The UK Manufacturing PMI data was released today, creating bigger than normal volatility in the GBP currency pairs. It showed that...
2023 British pound outlook amid UK going into recession
It has been a difficult year for the United Kingdom for several reasons. First, as part of Europe, the UK cannot and did not remain indifferent to the war in Ukraine. After Russia invaded Ukraine last...
Should you buy the British pound amid today’s positive economic data?
Today was a big day for British pound traders as key economic data was released. All of it surprised to the upside, an important development given expectations that the Bank of England will raise the ...
UK exploring a digital pound
A digital pound could be launched in the U.K. as part of the country’s effort to introduce better regulation to the crypto industry. Jeremy Hunt, the Chancellor of the Exchequer, announced that the go...
Should you sell the British pound in 2023? Hedge fund Rokos believes so
The COVID-19 pandemic took some heat away from the British pound, given Brexit. But Brexit is one of the causes of further weakness for the pound, according to Rokos Capital Management, an alternative...
Deputy Bank of England Governor Says Digital Pound Might Be Necessary
Join Our Telegram channel to stay up to date on breaking news coverage The deputy governor at the Bank of England, Jon Cunliffe, has said that the United Kingdom might need a digital pound. Cunliffe s...
Pound and stocks surge after surprise drop in US inflation
US inflation consumer prices interest rates Federal Reserve dollar – Frederic J. BROWN / AFP The pound has risen sharply after a surprise cooling in US inflation boosted hopes that the Federal R...
What a long-term weak pound means for the U.K. economy
A British one pound coin sits in this arranged photograph in London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — The British pound‘s exchange rate against the U.S. dollar has been on a ro...
Weekly Macroslate: Fed Chair Powell remains hawkish while BOE seem confused, lack unanimity and lose all credibility as the pound sinks along with the British economy
Macro Overview Powell is not ready to pause Investors are looking for a sign of a slowdown from Fed chair Powell, which they initially thought they were getting despite a fourth consecutive 75bps hike...
British Pound Recovers With PM Rishi Sunak, But What About Crypto?
Markets reflect a positive sentiment after Rishi Sunak was sworn in as the new British PM. While Sunak indicates expenditure cuts to lead fiscal recovery, much delivery is expected out of him to turn ...
Failing British pound pushes BTC-GBP trading volume to skyrocket in September
As the cryptocurrency market rushes toward reconquering the $1 trillion capitalization mark, its largest asset – Bitcoin (BTC) – has surpassed $20,000, on top of its strengthening against fiat currenc...
Pound surges against dollar after US house price shock
pound surge The pound has benefited from a slump in the dollar this afternoon following the sharpest slowdown in US house price growth on record. Sterling surged 1.86pc higher to $1.1487 against the s...
Bitcoin Unstable? Check Out the British Pound
In what appears to be a stark role reversal, Bitcoin is now becoming less volatile money than Britain’s national currency. SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to r...
U.K. Markets Cheer After Liz Truss Resigns. Stocks, Bonds, and the Pound Gain.
British investors cheered the resignation of Prime Minister Liz Truss, whose recent budget plans disrupted markets and prompted intervention by the Bank of England. Stocks, bonds, and the pound crept ...
British Pound to react ‘mildly’ positive to Truss’ resignation, says analyst
UK Prime Minister Liz Truss has resigned after a failed budget cut and plan to boost spending resulted in financial markets turmoil pushing her to retract as her political authority disintegrated. Tru...
Bank of England Must Consider Private Stablecoins in Developing Digital Pound, Lobbyist Says
There’s a “question whether we could apply a competition objective to the Bank of England, when we think about things like central bank digital currency and how that’s implemented,” Jackson, who...
Is pound sterling a good buy?
The GBP/USD price went sideways on Tuesday as the market reflected on UK’s fiscal situation. It was trading at 1.1312, which was a few points below this week’s high of 1.1436. This price is about 10% ...
British Pound Rebounds As UK Government U-Turns On Tax Cuts
Key Takeaways New British Chancellor Jeremy Hunt has wound back almost all of the wide ranging tax cuts that were announced by new Prime Minister Liz Truss on 23rd September The British Pound and UK b...
Ripple’s Major Partner in Europe Joins Digital Pound Foundation: Details
The Digital Pound Foundation, a nonprofit focused on the development and implementation of the digital pound in the United Kingdom, has announced the addition of Ripple partner Modulr to its membershi...
Best FTSE 100 shares to buy as the pound sterling plummets
The FTSE 100 index has been in a strong bearish trend in 2022 as concerns about the UK economy continue. It was trading at £6,933 on Monday, meaning that it has crashed by more than 6% in 2022. As a r...
The British Pound Has Fallen To Its Lowest Level Against The U.S. Dollar Since 1985
| Getty Images Key Takeaways Excessive government spending is hurting the pound against the dollar. Price caps and record high inflation is also a factor for a weak pound. The U.S. dollar is rallying ...
Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar – Economics Bitcoin News
The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports suggesting the Egypt...