Bitcoin bulls want consolidation above $25k with altcoin rally on the cards, claims analyst March 27, 2023 Bitcoin is trading largely flat this morning around $28k while Ethereum is in more-or-less the same boat at $1,764.
We’re living with the impact of a decade of a Goldilocks approach to interest rates March 27, 2023 We are in an hangover era of monetary policy, recovering from a period when bad news was considered good news by investors. We must work to change that outlook, writes Charles White-Thomson
FTSE 100 close: London index slips after of Bank of England interest rate hike March 23, 2023 London’s FTSE 100 slipped lower today after the Bank of England’s hiked interest rates for the eleventh time in a row. The capital’s premier index dropped 0.89 per cent to just under 7,500 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, lost 0.15 per [...]
Bank of England hikes interest rates for eleventh time in a row to post financial crisis high of 4.25 per cent March 23, 2023 The Bank of England today hiked interest rates for the eleventh time in a row to a post-financial crisis of 4.25 per cent as it continues to lead the fight against the worst UK inflation crisis in four decades. Governor Andrew Bailey and his team of rate setters bumped borrowing costs 25 basis points higher, [...]
Central banks are right to raise rates, even with banking on the precipice of a crisis March 23, 2023 This morning Andrew Bailey and the Monetary Policy Committee at the Bank of England rose interest rates to 4.25 per cent, even after the shock merger between Credit Suisse and UBS, and the collapse of Silicon Valley Bank, writes Jumana Saleheen Decisions from central banks over the last week demonstrate an ongoing effort to bring [...]
European banks slide as concerns remain over health of financial sector following US bank sell-off March 23, 2023 European banking stocks slid again on Thursday, following a sell-off in the US on Wednesday, as investors remain nervous about the health of the financial sector. European banks were mostly in the red around midday: French banks Socgen and BNP Paribas fell 1.6 per cent, Deutsche Bank slipped 1.5 per cent while Commerzbank fell 3.1 [...]
Crypto markets react following US Federal Reserve interest rate hike March 23, 2023 The price of Bitcoin dropped below $28k, trading for $27,700 this morning while Ethereum is also down around 2%, dipping below $1,800.
Oil prices slide after Fed hikes interest rates for the ninth time in a row March 23, 2023 Oil prices are dipping again this morning, after the Federal Reserve hiked interest rates a further 25 basis points today.
US Federal Reserve presses on with interest rate hike amid banking chaos March 22, 2023 The US Federal Reserve today looked past the ongoing wobbles in the global banking system and hiked interest rates for the ninth time in a row, extending its aggressive fight against inflation. Chair Jerome Powell and the rest of the federal open market committee (FOMC) today bumped the world’s most important interest rate 25 basis [...]
FTSE 100 close: Inflation shock tames London index as investors brace for Fed decision March 22, 2023 London’s FTSE 100 nipped higher today despite investors betting the Bank of England will be forced to keep raising interest rates to tame higher than feared inflation. The capital’s premier index closed up 0.41 per cent at 7,566.84 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]