The pound sterling is experiencing heavy turbulence. The dollar is eating it all. Bitcoin is in a deep slumber. What a time to be alive! Things are moving and shaking in the finance world and the gene...
Tag: Pound
BTC Pound Volume Skyrockets To All-Time High Amid Currency Turmoil
Bitcoin is showing signs of recovery, recording a 5.3% price pump for the past week to trade at $20,129, according to tracking from CoinGecko as of this writing. Here’s a quick look of what has transp...
Bitcoin’s Trading Volume Shoots up as British Pound Falls to an All-Time Low
Join Our Telegram channel to stay up to date on breaking news coverage The trading volume of Bitcoin skyrocketed as the British pound weakened to the US dollar and plummeted to its all-time low price....
U.K. Ditches Tax Cuts For Richest Amid Growing Backlash And Market Mayhem
Topline The U.K. government on Monday said it was dropping controversial plans to scrap the highest rate of income tax for high earners, an embarrassing u-turn for Prime Minister Liz Truss after the p...
Crypto influencers and the British Pound
Welcome to the 87th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write ab...
Investors ditch the euro and pound for Bitcoin in record numbers as their value plummets
In the midst of the collapse of multiple fiat currencies worldwide, the cryptocurrency market seems to be going strong, leading investors to turn their gaze to digital assets like Bitcoin (BTC) and Et...
Bank of England Intervenes to Stabilize Market and Control Falling Pound
To stabilize the falling pound, the Bank of England swung into action on Wednesday announcing the purchase of its long-dated government bonds. On Wednesday, September 28, the British central bank took...
Crypto-loving Bukele rips BoE over struggling pound
Controversial Salvadorian president Nayib Bukele has taken a swipe at the Bank of England and mocked the plummeting price of the pound, less than a year after the institution questioned El Salvador’s ...
Erdogan says Turkey will keep cutting interest rates, mocks British pound
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout...
Bitcoin Trading Volume Beats The British Pound As Currency Falls Apart
Bitcoin (BTC) trading volumes against the British pound (GBP) surged to a new high after the Sterling wobbled on Tuesday, prompting market experts to speculate that investors scrambled to dispose of t...
British pound drops to all time lows against the dollar
On Sept. 16, 1992, the British pound dropped to its all-time low. The day has since become known as “Black Wednesday,” or the day George Soros broke the Bank of England. The historically stable curren...
Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds – Economics Bitcoin News
Following the extremely volatile European markets during the past few days and the euro and pound dropping rapidly against the U.S. dollar, the Bank of England has decided to intervene in bond markets...
Bitcoin, British pound trading volume soars 1,150% as UK’s currency risks dollar parity
Bitcoin (BTC) will see increased interest from the United Kingdom “very quickly” as fiat currency volatility makes BTC look like a stablecoin. That was the conclusion from Gabor Gurbacs, strategy advi...
Pound Sinks Again As IMF And Moody’s Rebuke U.K. Tax Cuts
Topline London stocks and the British pound both fell Wednesday morning—after the International Monetary Fund (IMF) and credit ratings agency Moody’s rebuked the U.K. government over planned tax cuts ...
Bitcoin Trading Volume Explodes Against British Pound as Currency Weakens
As the British pound rapidly weakens against the U.S. dollar, trading volume for the BTC/GBP pair has been skyrocketing. Data from Bitfinex and Bitstamp shows that volume was more than 1,100% above i...
U.K. could trigger a global crisis as pound collapses while bond yields soar, Larry Summers says
““A currency crisis in a reserve currency could well have global consequences. I am surprised that we have heard nothing from the IMF.”” — Larry Summers, former U.S. Treasury secretary Former U.S. Tre...
The British Pound Is In Freefall. Here’s What It Means For Investors.
The British Pound Sterling is coming under immense pressure after sweeping tax cuts announced by new … [+] Prime Minister Liz Truss. (Photo by Stefan Wermuth – WPA Pool/Getty Images) Getty...
Policies at loggerheads pound pound; Truss ignores OBR at her peril
Following a shaky week for the British pound, the currency crashed to a record low of 1.0349 against the USD on Monday, a fall of 4.6% since markets opened, marking the sharpest single-day decline sin...
Pound will be worth less than one euro, warns former US Treasury chief
Pound sterling dollar euro parity Treasury Bank of England interest rates Andrew Bailey – Chris J Ratcliffe/Getty Images The pound will soon be worth less than a single euro as the crisis for th...
Pound hits all-time low versus the dollar, softening pain of bitcoin losses for Brits
With the pound in the doldrums, crypto investors in Britain received some respite from bitcoin losses. The pound hit an all-time low of $1.0327 versus the U.S. dollar on Monday, as traders bet agains...
Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar
On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volat...
Liz Truss’s Economic Plan Deserves A Chance
UK Prime Minister Liz Truss. (Photo by Yui Mok/PA Images via Getty Images) PA Images via Getty Images This morning, the internet was abuzz with news that the British pound had fallen to historically l...
The British pound just crashed 5% to a 37-year low against the US dollar today — here’s why currency carnage continues across the pond
The British pound just crashed 5% to a 37-year low against the US dollar today — here’s why currency carnage continues across the pond On Monday, the British pound dropped to a record low against the ...
UK Pound Drops Down To An All-Time Low Against The US Dollar
The post UK Pound Drops Down To An All-Time Low Against The US Dollar appeared first on Coinpedia Fintech News Between June and mid-September, UK’s Pound mostly traded in the $1.14 to $1.23 bracket ag...
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike – Bitcoin News
The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal...
As Pound Crumbles, a Third of UK Citizens Now Own Cryptocurrency
Over a third of Brits now own some form of cryptocurrency, with 41% of men and 27% of women having invested in the industry. This according to a recent report from VoucherCodes which found that 34% of...
Larry Summers called it again on the collapse of the British pound. Here’s how much worse it could get, analysts say
Britain’s currency is in trouble—and things could still get a lot worse for sterling, experts warn. The British pound crashed to an all-time low below $1.05 during early trade on Monday, before recoup...
Pound Hits All-Time Low against Dollar after Mini-Budget Rocks Markets
The reaction to the mini-budget has been a cause for concern with the shadow chancellor Rachel Reeves stating that she was incredibly worried. The Pound recorded a 5% fall against the dollar to hit $1...
Pound hits new low – what does it mean as dollar parity nears?
Yikes. It was not too long ago that the euro hitting dollar parity made big news, which I wrote about at the time here. As the graph below shows, the collapse of the euro against its transatlantic cou...