The recent sharp drop in the British pound and in U.K. government bonds means traders are at panic stations, with repercussions being felt across the globe. The spectacular drops in the past month wer...
Tag: U.K.
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...
U.K. ‘Mini Budget’ Likely Just Dealt Scotland A Fiscal Time Bomb
The flags of Britain, Scotland and European Union wave outside the Scottish parliament in Edinburgh, … [+] Friday, Jan. 31, 2020. Britain officially leaves the European Union on Friday after a d...
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 ...
Proposed U.K. Legislation Would Enable Harsher Crackdowns on Crypto Crime
Key Takeaways The U.K. government has introduced new legislation called the Economic Crime and Corporate Transparency bill. The bill will give the government greater power to “seize, freeze and ...
FTX Hits The Radar of U.K. Financial Watchdog
Regulatory scrutiny around the world is putting cryptocurrency exchanges under increasing pressure, like FTX. The Financial Conduct Authority, which previously raised concerns about Binance’s deal wit...
U.K. Financial Regulator FCA Warns Against Using FTX
Share this article The FCA has previously warned U.K. consumers against FTX rival Binance. FCA Sounds Alarm on FTX The Financial Conduct Authority has posted a caution about FTX. The U.K. financial...
Cancer Treatment And Burials Canceled As U.K. Prepares To Shut Down For Queen’s Funeral Monday—Here’s What Else Will Be Closed
Topline The United Kingdom will all but shut down Monday as the funeral for Queen Elizabeth II grinds the nation—and the far reaches of its former empire—to a halt, with closures and cancellations aff...
U.K. to mourn for 10 days as Queen Elizabeth dies at 96
Thursday just turned gloomy for Invezz – a London-based financial media outlet on the distressing news that Queen Elizabeth II has died. Princes Charles becomes the King of the United Kingdom The worl...
New U.K. Transport Secretary Was Road Campaign Chief, Denied Climate Change
New Secretary of State for Transport Anne-Marie Trevelyan. (Photo by Leon Neal/Getty Images) Getty Images Anne-Marie Trevelyan was last night appointed as the U.K.’s transport secretary in the first c...
U.K. may be on road to another IMF bailout, strategist warns
Is the U.K. on the road to an International Monetary Fund bailout? That’s the view of Peter Chatwell, head of global macro strategies trading at Mizuho Securities, as expressed in an interview on Bloo...
How Businesses Can Protect Themselves
With key workforces on both sides of the Atlantic threatening to strike, September could deliver a fresh round of international supply chain chaos. Just as businesses start to recover from the logisti...
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...
The Osbournes Are Leaving America For New U.K. Reality TV Show
Topline The Osbournes are returning to screens with a docuseries Home to Roost, about their return to the U.K. as Ozzy and Sharon announced they were leaving America after experiencing controversies a...
Who Is Liz Truss? Here’s What To Know About The Likely U.K. Prime Minister Replacing Boris Johnson
Topline Liz Truss is the runaway favorite to replace Boris Johnson as leader of the Conservative Party and Prime Minister of the U.K., signaling the end of a bitter summer campaigning and the peak of ...
U.K. Nurses get Smart Goggles for Wider Patient Care
In what can be seen as the first of many positive steps for modern patient care, U.K. hospitals have equipped community nurses with smart goggles so they can see more patients at a given time. This cu...
U.K. Law Commission Calls For Separate Crypto Regulations as Part of English Property Law – crypto.news
The U.K.’s Law Commission is mulling several reforms to the country’s law to see digital assets categorized differently. Accordingly, the English legal reform body is deliberating on whether crypto as...
U.K. inflation will exceed 18% in January: Citi
United Kingdom is on course to see inflation exceed 18% in January as the Office of Gas and Electricity Markets continues to lift energy price cap, says Benjamin Nabarro. He’s the Chief U.K. Economist...
BlockFi shows top growth among U.S. companies, the U.K. posts over 10% inflation and BitGo plans to bring a lawsuit against Galaxy Digital.
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Crypto.com obtains regulatory permit in the U.K
The United Kingdom Financial Conduct Authority (FCA) has granted a regulatory permit to a popular crypto exchange, Crypto.com. The exchange also confirmed the development in its Wednesday blog post. A...
U.K. Inflation Hits 40-Year High Of 10% As It Bucks G7 Trend—And It’s Expected To Get Worse
Topline Consumer price inflation in the U.K. soared past 10% in July—the highest it has been in 40 years—the U.K.’s statistics office reported on Wednesday, a figure the nation’s central bank expects ...
Leading U.K. Retreader Company Vaculug to Accept Bitcoin and Ethereum for Payments
– Advertisement – Vaculug to Accept Bitcoin and Ethereum as payments. Vaculug, an independent tire retreader company based in the United Kingdom, announced that it’s now accepting crypto...
London Officials Launch Polio Booster Campaign For Children After Virus Detected In Sewage
Topline Health officials in London said Wednesday the city will offer polio vaccine booster shots to children under 10, hoping to guard against a disease that can cause paralysis, two months after the...
Interview with Patrick Murphy, the Director of Eightcap in the U.K – crypto.news
Crypto.News recently sat down with Patrick Murphy, a career banker and the current Eightcap’s Director in the U.K. Patrick started his banking career in Australia before moving to the U.K., where he w...
Conservative leadership race has U.K global crypto hub ambitions in limbo
The shock resignation of Rishi Sunak on July 5 has cast uncertainty on the future direction of crypto in the United Kingdom In the months before his resignation, the former Chancellor spearheaded seve...
U.K. Central Bank Forecasts Recession This Year—Joining U.S. And Eurozone With Historic Rate Hike
Topline The Bank of England on Thursday predicted that the U.K. will fall into a recession in the final quarter of this year as it announced its steepest rate hike in nearly three decades, following s...
U.K. Financial Regulator Plans Tighter Crypto Marketing Checks
Share this article “Crypto remains high risk so people need to be prepared to lose all their money if they choose to invest in cryptoassets,” a press release from the U.K. regulator said. FCA to Regu...
U.K. Law Commission Proposes to Legally Defin…
The Law Commission of England and Wales today published a proposal to reform the law relating to digital assets, including cryptocurrencies and non-fungible tokens (NFTs), and has put forth the idea t...
Russian Forces In Kherson ‘Virtually Cut Off’ As Ukraine Counter-Attacks To Take Key City, U.K. Says
Topline Russian troops occupying the city of Kherson have been “virtually cut off” from the main invading force, the U.K. defense ministry said on Thursday in its daily intelligence update, as Ukraine...
New U.K. Drones Will Bring Supplies To The Front Line
When Ukrainian forces were surrounded in Mariupol in May, helicopter crews flew daring resupply missions into the besieged city. Flying in pairs, the Mi-8 helicopters brought desperately -needed weapo...
U.K. Records Its Hottest Temperature Ever Amid Extreme Heatwave
Topline The U.K. recorded its hottest ever temperature on Tuesday, according to provisional Met Office figures, as the country faces a second day of extreme heat amid warnings of wildfires and reports...