Why the EU’s approval of May’s Brexit deal failed to give sterling a boost November 26, 2018 Sterling failed to get a significant boost from the EU rubber-stamping the Prime Minister’s draft Brexit deal over the weekend, with markets awaiting the outcome of a crucial parliamentary vote next month. While EU leaders voted in favour of Theresa May’s Brexit agreement despite the threat of a Spanish veto over the future of Gibraltar, [...]
Italian bond yields fall as Rome considers revising budget deficit target November 26, 2018 Italian government bond yields have fallen by over 30 basis points this morning to two-month lows following speculation that the governing coalition is planning to reduce the budget deficit target for next year. Rome had threatened to defy the European Commission by refusing to change its deficit target of 2.4 per cent of GDP and [...]
Bitcoin falls back below $4,000 benchmark as cryptocurrency volatility lingers November 26, 2018 The price of bitcoin showed little sign of an upturn this morning after a weekend that saw the cryptocurrency dip below the $4,000 threshold. Bitcoin's value dipped to $3,930 today, after recovering back above $4,000 late yesterday, when it plunged to $3,474 – its lowest level since September last year, according to Luxembourg crypto-exchange Bitstamp. Yet [...]
Bitcoin plunges further below $4,000 as cryptocurrencies face scrutiny from regulators November 25, 2018 Bitcoin faced another sharp fall today as the cryptocurrency heads for its worst weekly loss in five years. Bitcoin fell to a low of $3,474.73 today, its lowest level since September 2017, according to data from Luxembourg-based Bitcoin exchange Bitstamp. The sharp fall means bitcoin is on track to see its largest weekly drop since [...]
FTSE round up: Index drops on oil and mining share sell-off following fears of oversupply November 23, 2018 The FTSE 100 closed 0.14 per cent down this week after falling to 6,950.82, driven by a sell off in oil and mining shares. The biggest faller was silver and gold miner Fresnillo which saw a 6.98 per cent decrease to 746.4p as the company continued to feel the effects of being downgraded by Morgan Stanley [...]
Cryptocurrency slump continues as regulation threat bites November 23, 2018 Cryptocurrencies continue to decline today amid a toughening regulatory environment. The world’s largest cryptocurrency bitcoin has fallen by 3.51 per cent to $4,314.68, according to data from Coindesk, while Ethereum has dropped 6.47 per cent to $123.34. Bitcoin is trading almost 80 per cent down on this time last year, after falling below $5000 to [...]
Embattled budget airline Flybe’s shares take off as it confirms Virgin Atlantic talks November 23, 2018 Struggling low cost airline Flybe’s shares soared 23 per cent this morning as it confirmed reports that Virgin Atlantic is in talks to buy it. Billionaire Sir Richard Branson’s airline began talks to buy the company after the Exeter-based airline put itself up for sale earlier this month, Sky News reported last night. Shares later [...]
Brexit: UK economic outlook hinges on May selling deal November 22, 2018 | City Talk The deal is largely as we expected – but this is only the end of the beginning. UK’s negotiating power has been overestimated by many; the EU has dictated the terms of Brexit from the beginning. We believe that the risk of a no-deal Brexit will focus minds and lead to cross-party support for May’s [...]
DEBATE: As shares continue to tumble, could this be the beginning of the end for Apple? November 22, 2018 As shares continue to tumble, could this be the beginning of the end for Apple? Fiona Cincotta, senior market analyst at City Index, says YES. The easy money momentum trade on Apple looks to be well and truly over. As Apple heads into bear market territory and innovations are lacking, the future is looking less rosy for [...]
Decentralized Exchanges are the Solution to Hackings and Customer Privacy November 21, 2018 Cryptocurrency trading platforms, both centralized and decentralized, offer diverse features and varying levels of security for users. In a time when there is growing scepticism over the reliability of cryptocurrencies, it is more important than ever before to have a trustworthy, secure, and accessible exchange to trade digital assets. Most people do not understand that [...]