Rolls-Royce (LON: RR) share price popped by more than 3.3% on Monday as the GBP/USD price plummeted to a record low. It was trading at 74.32p, which was slightly above the year-to-date low of 69.75p. ...
Tag: Pound
Trader Who Made Billions in 2008 Buys Pound Near All-Time Low
(Bloomberg) — A former hedge fund manager who shot to fame for a $2.7 billion volatility trading gain during the global financial crisis is buying the pound on a day when the currency slumped to...
Pound plunges to all-time low against dollar
Pound sterling dollar tax cuts Chancellor Kwasi Kwarteng mini-Budget – Jason Alden/Bloomberg The pound has slumped to an all-time low against the dollar after Chancellor Kwasi Kwarteng hinted at...
British Pound Plummets To Record Low Against U.S. Dollar After U.K. Gov’t Signals More Tax Cuts
Topline The British pound slumped to an all-time low against the U.S. dollar early Monday morning as markets reacted negatively to the new government’s signals that it will pursue more aggressive tax ...
While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback – Economics Bitcoin News
While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told th...
Pound Inches Closer Toward Dollar Parity With Fresh 37-Year Low
(Bloomberg) — The pound plunged by the most since March 2020 and hit the lowest in 37 years against the dollar, as the UK government unveiled a fiscal stimulus package that threatens to fuel inf...
British Pound Slumps to Lowest Level against Dollar as New Tax Cut Policy Is Unveiled
The British Pound is not alone in its slump against the United States Dollar as other currencies including the Euro are also recording a similar faith. The British Pound Sterling is buckling under the...
Should you buy or sell the British pound after nose diving yesterday?
The trading week ended yesterday with some extreme long US dollar positioning. The greenback gained across the FX dashboard – EUR/USD lost -1.5%, AUD/USD -1.70%, NZD/USD – 1.8%, to name just a few US ...
Inflation in the UK is worsening as the British pound continues to dip
The Bank of England is expected to make an important decision this week as it contends with the impact of the latest government energy cost plan, which has changed the inflation outlook and the plungi...
Pound Marks ‘Black Wednesday’ With Drop to Lowest Since 1985
(Bloomberg) — The pound’s tumble this year has taken another leg down, with the currency marking the 30th anniversary of “Black Wednesday” with a drop through $1.14 for the first time since 1985...
British Pound Is at Its Lowest Level against US Dollar since 1985
The escalating inflation, currently at the highest level among all G-7 nations, the impending recession, and concerns about tax cuts has been the driving factors pushing the Sterling down the slope. O...
Pound Recovers after Fall against US Dollar following News of Queen Elizabeth’s Death
It is still unclear how the news will affect the biggest coins on the crypto scene due to the current uncertainty in the finance world. The British pound bounced back after falling against the US dol...
British Pound Sterling (GBP) Tanks to Its Lowest against USD since 1985
The Pound Sterling has been losing strength against the US Dollar amid fears of recession, its lowest levels in nearly four decades. On Wednesday, September 7, the British Pound tanked to its lowest l...
British Pound Falls to Lowest Level Since 1985 as U.K. Economic Pain Mounts
Updated Sept. 4, 2022 5:41 pm ET Listen to article (2 minutes) The British pound slid to its lowest level against the U.S. dollar since 1985, a reflection of the U.K. economy’s dire economic situation...
British pound seen trading near parity with the dollar, economists say, as selloff takes Wall Street by surprise
It’s a notion once thought impossible. As the British pound trades at its weakest level against the dollar in more than two years on Friday, some economists expect it could close in on parity with the...
Pound Plunges to Decades Low as Strikes Ravage Britain – Trustnodes
The pound has fallen to its lowest level since 1985 against the dollar, down to $1.15 per GBP, lower than the $1.19 it reached following the Brexit vote in 2016. A general strengthening of the dollar ...
Analysts Pound the Table on These 3 ‘Strong Buy’ Stocks; See Over 70% Upside Potential
What are we to make of the financial markets right now? The currents have been pushing and pulling every which way, making it difficult to chart a course toward investment profits. Inflation remains s...
Is now a good time to buy the British pound? Fundamentals point to caution
The COVID-19 pandemic has triggered a wave of unprecedented measures from both central bankers and governments. By stimulating economic activity and supporting households, the measures did help. In hi...
Should you buy or sell the British pound after today’s inflation data?
UK inflation has hit a new 40-year high today. Coming out at 9.4% YoY, it exceeded expectations of 9.3% and kept rising from the previous 9.1%. No one can say that the data came as a surprise. After a...
Black fridge launched First Stablecoin backed British Pound
The black fridge launched its first Stablecoin on Monday 11th July. The black fridge named its Stablecoin as a “poundtoken.” The black fridge is headquartered in Douglas. ...
GBP/USD Price Forecast – The British Pound Continues to Crumble
British Pound vs US Dollar Technical Analysis The British pound tried to rally at the beginning of the Monday session but came under pressure as soon as the Europeans stepped on board. The 1.20 level ...
First Fully-Regulated British Pound Stablecoin Launched
Key Takeaways Fintech company Blackfridge is launching “poundtoken,” a pound sterling stablecoin that is 100% backed by British pound reserves. Blackfridge, a company located on the Isle of Man, is of...
Massive Decline Now in Sight for British Pound amid Economic Turmoil
While inflation worries remain persistent in the UK, recent data on business activity turned out to be better than preliminary estimates. That the British Pound (GBP) is immune to massive falls is a o...
Bank of England’s vision for the digital pound differs from China’s model
Bank of England (BoE) Deputy Governor Jon Cunliffe said the digital pound would likely operate as an account-managed instrument at the “trade level,” instead of a direct to retail user currency, Bloom...
Pound And UK Stocks Rise After Reports Of Prime Minister Boris Johnson’s Resignation
Topline The British pound jumped by nearly half a percent against the U.S. dollar and stocks rallied on Thursday morning following media reports of Prime Minister Boris Johnson’s imminent resignation ...
Bank of England dismisses using digital pound like cash; Here’s why
As the cryptocurrency and other markets in the United Kingdom await the decision of the country’s financial authorities on introducing a digital pound, the leadership of the Bank of England (BoE) has ...
GBP/USD Price Forecast – The British Pound Threatens 1.20
British Pound vs US Dollar Technical Analysis The British pound has fallen rather hard during the trading session on Friday to reach the 1.20 level. Because of the importance of this level, and the ps...
GBP/USD Price Forecast – The British Pound Continues to Be Noisy
British Pound vs US Dollar Technical Analysis The British pound rallied ever so slightly during the trading session on Friday but has also given back some of the gains just above the 1.23 level. Ultim...
Tether to Launch Stablecoin Pegged to British Pound Sterling
Tether, the world’s largest stablecoin issuer, said it will introduce a token pegged to the British pound next month. The stablecoin (GBPT), according to a company statement on Wednesday, initially wi...
Tether is set to launch a GBPT stablecoin pegged to the British Pound
Tether, the company behind the USDT stablecoin, has announced plans to launch a stablecoin that will be pegged on the British Pound. Tether is famed for being behind the world’s largest stablecoin by ...
Tether To Work With UK Regulators for Launch of New Stablecoin Pegged to British Pound
The creators of a popular crypto asset designed to keep a US dollar peg now plan to expand their roster into the United Kingdom. In a new announcement, Tether says it will work with UK authorities to ...