Pound hits highest level against US dollar since early August and posts best monthly gain since 2020 December 1, 2022 The pound has climbed to its highest level against the US dollar since early August driven by investors betting on slower interest rate rises across the pond. Sterling bounced above $1.22 and was up over 1.2 per cent against the dollar heading into late afternoon trading today. US Federal Reserve chief Jerome Powell last night [...]
Price of Bitcoin breaks $17,000 as optimism seeps into crypto markets December 1, 2022 Bitcoin is trading around $17,100 this morning, up another 1.23% in the last day and 3.16% over seven days.
Britain’s factories already in recession on ‘lethal cocktail’ of constraints December 1, 2022 Britain’s factories are already in recession sparked by demand receding as the country’s economy slumps, a closely watched survey out today reveals. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) inched higher to 46.5 last month from 46.2 in October. Despite the slight rise, the survey remained far [...]
Federal Reserve could scale back interest rate hikes from December November 30, 2022 The Federal Reserve could scale back the pace of its interest rate hikes "as soon as December," revealed Fed Chair Jerome Powell.
FTX, LUNA, Celsius, et al – a post-mortem November 30, 2022 Dr Chris Kacher checks the health report of some deeply troubled crypto platforms as he lauds the inevitability of the metaverse.
Bitcoin creeping up on $17k while Ethereum also making strides November 30, 2022 Bitcoin was trading around $16,880 this morning after briefly breaching $17,000 in the early hours, adding 2.31% to its price from yesterday.
Wales 0-3 England: Marcus Rashford scores twice to set up tie with Senegal November 29, 2022 England will play Senegal in the last 16 of the World Cup on Sunday after they eliminated Wales from the tournament in Qatar tonight. Marcus Rashford scored twice and Phil Foden also struck in a comfortable win over their neighbours that secured top spot in Group B. Wales never looked like achieving the victory that [...]
Markets Week Ahead November 28, 2022 Last Week After a slightly mixed week last week not providing much direction, or trading opportunities, we will hopefully get some more viable trade ideas in the coming week. The one big move we did have last week came from the oil market, and we are through the lows again to start the week. Ongoing [...]
Bitcoin reminds us to question where is, and how safe is, my money? November 28, 2022 Jonny Fry argues that recent events have seen Bitcoin holders learn a lesson and be spurred into action to take back control.
Investors hope for US jobs market slowdown to appease Federal Reserve November 27, 2022 Signs of a further slowdown in the US jobs market convincing the Federal Reserve to slow its interest rate hike cycle will top investors’ wish list this week. London’s FTSE 100 index notched a decent showing last week, climbing 1.37 per cent to close at 7,486.67 points, while the domestically-focused mid-cap FTSE 250 index rose [...]