In recent months, cryptocurrency investors and enthusiasts have been rocked by a series of sudden collapses of banks that were once seen as friendly to the crypto industry. These banks, which had prev...
Tag: Sterling
EIB Launches First Digital Sterling Bond Product on Blockchain
The European Investment Bank occupies a very pivotal position in driving the financial landscape of the industry in the European Economic Area. The European Investment Bank (EIB) has launched the firs...
European Investment Bank issues first-ever sterling pound digital bond on blockchain
The European Investment Bank (EIB) has announced the issuance of its first-ever sterling-denominated digital bond, leveraging both public and private blockchains. According to EIB, the digital bond wo...
Sterling Rises as Liz Truss Steps Down After 44 Days in Office
Liz Truss resigned from her position as U.K. prime minister after a 44-day stint that rocked the country’s sterling and gilt markets. The outgoing crypto-friendly prime minister stepped down after cal...
Liz Truss Resigns As UK Prime Minister. What’s Next For Volatile Financial Markets?
Photo by Leon Neal/Getty Images Getty Images On Thursday, UK prime minister Liz Truss bowed to mounting pressure and resigned as prime minister of the United Kingdom. Truss lasted just 44 days in the ...
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% ...
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...
Bitcoin Pound Sterling Volume Soars To ATH Amid Currency Crisis
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...
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...
Sterling pares losses after flash-crashing in Asian trading: time to buy?
It is difficult to explain in words what is happening in the currency market today. After last Friday closing at the lows, the British pound flash-crashed in today’s Asian trading. The mini-budget ann...
Rolls-Royce share price analysis as pound sterling crashes
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. ...
Adam Silver Can’t Give Lifetime NBA Ban To Donald Sterling Without Doing Same For Robert Sarver
PHOENIX, ARIZONA – MARCH 04: Robert Sarver, owner of the Phoenix Suns, looks on during the second … [+] half of the NBA game against the Milwaukee Bucks at Talking Stick Resort Arena on Ma...
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...
GBP/USD forecast: sterling could crash to parity in 2022
The GBP/USD price is hovering near the lowest level since 1985 as investors reflect on the new British government. The pair slipped to a low of 1.1447, which was about 17% below the highest level this...
Deutsche Bank says risk of a sterling crisis is rising as Truss becomes PM
A banners of Deutsche Bank is pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. Reuters Following the news that Liz Truss w...
UK consortium to test digital sterling payments and share findings with Bank of England
A United Kingdom-based tech consortium has announced plans to test cross-border payments and share recommendations with the Bank of England (BoE). In a press statement published on August 17, the Dig...
GBP/USD analysis as sterling ignores strong UK GDP data
The GBP/USD price moved sideways on Wednesday morning as investors reacted to the relatively strong UK GDP numbers. The pair is trading at 1.1893, which is slightly above this week’s low of 1.1810. Th...
Why Chelsea Are Right To Sign Raheem Sterling Over Cristiano Ronaldo
Manchester City’s Raheem Sterling celebrates scoring a goal shortly before it is disallowed for … [+] offside during the Premier League match at the Molineux Stadium, Wolverhampton. Pictur...
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 to Launch GBPT in July, Pegged to British Pound Sterling
Stablecoin issuer Tether Operations Limited (“Tether”) has announced plans to launch Tether tokens (“GBP₮”) pegged to the British Pound Sterling in early July. “GBP₮ will join four o...
Tether launching British Pound Sterling (GBP)-pegged token in early July
Tether, the blockchain-enabled stablecoin platform, today has announced that it will be launching Tether tokens (GBP₮) pegged to the British Pound Sterling in early July. Initial blockchain support wi...
Tether Plans to Launch Another Stablecoin Pegged to the British Pound Sterling
USDT stablecoin issuer Tether announced Wednesday its plan to launch a new stable digital currency pegged 1:1 to the British Pound Sterling. The firm disclosed that the new stablecoin, dubbed GBP₮, wo...
Tether to launch GBPT stablecoin pegged to British pound sterling
Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP). Tether officially announced on Wednesday that its upcoming GB...
Tether Launches Stable British Pound Sterling GBPt
Gamza Khanzadaev Stablecoin pegged to British pound officially announced by Tether Tether announced plans to launch a stablecoin pegged to the British Pound Sterling, GBPt. Initially, the GBPt stablec...
Tether Launches Stablecoin Pegged to the British Pound Sterling – Altcoins Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Sterling forms hammer pattern as UK inflation soars
The GBP/USD price went sideways after the relatively strong UK consumer inflation data. The pair is trading at 1.2234, where it has been in the past few days. This price is about 2.52% above the lowes...
Sterling drops below an important support level
The British pound retreated slightly on Tuesday as the strong recovery took a breather. The GBP/USD pair declined to a low of 1.2580, which is slightly below this week’s high of 1.2660. This price is ...
Here’s why sterling slumped after BOE decision
The British pound plummeted on Thursday after the Bank of England (BOE) delivered a dovish interest rate hike. The GBP/USD pair dropped to a low of 1.2400, which was the lowest level since July 2020. ...
3 reasons why sterling just crashed to 2020 lows
The British pound crashed to the lowest level since 2020 after the significantly weak UK retail sales numbers. The GBP/USD pair retreated to a low of 1.2892 while the EUR/GBP price rose to the highest...
Should you buy sterling after the UK inflation data?
The GBP/USD pair slumped to the lowest level since November 2020 even after the UK published strong consumer and producer inflation data. The pair dropped to a low of 1.2976 as it crossed the key supp...