UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes
Ed Warner: Forget WrestleMania, Super Bowl or the Olympics – London mayor should seek hefty portfolio of sporting events
The good, the bad and the ugly of the cryptocurrency dream July 28, 2020 | City Talk Way back in 2014, I debated the merits of bitcoin with cryptocurrency evangelist Andreas Antonopoulos. It was a wonderful, civil and not too disobedient dialogue. I was sceptical, not cynical. Six years later, I remain sceptical but now have a cynical bias. Let me explain what I see as the good, the bad and the [...]
BEQUANT Insights expand partners… April 22, 2020 | City Talk Based on research from Don Tapscott’s Blockchain Research Institute, BEQUANT will be providing insights into blockchain and digital asset technology, because our mission is to offer our clients, partners and market participants the best information possible, providing thought provoking insights and that competitive edge. Whether its Bitcoin or a Tokenized asset our mission is to [...]
Mode Launches UK’s First Bitcoin Interest-Generating Account With 5% APY April 1, 2020 | Sponsored Despite some recent uncertainty in the traditional financial markets prompted by the coronavirus epidemic, it’s still a great time for the U.K. cryptocurrency scene. The new launch of CryptoAM.io, and our inaugural feature article, coincides with a mobile app refresh and new products by Mode, an innovative start-up in the British blockchain industry and one [...]
Coronavirus: Sterling plunges as investors flock to dollar safe haven March 12, 2020 Sterling has plunged to its lowest level against the US dollar (GBP/USD) since October last year on the back of global coronavirus-related uncertainty. The pound crashed as low as 2.36 per cent against the dollar today to fall to just $1.2517, as traders flocked to the greenback. By 5.35pm it stood 1.63 per cent down [...]
Bank of England chief cashier indicates backing for official digital currency February 23, 2020 The Bank of England’s chief cashier has indicated support for an official digital currency, saying it is “crucial” for central banks to consider entering the market before it becomes dominated by tech giants. Sarah John, who is responsible for issuing banknotes, said it was “really important” for central banks to consider digital currencies “as an [...]
Chinese yuan set for best day in six months as risk appetite returns January 7, 2020 The Chinese yuan was set for its best day in more than six months this morning after investors’ appetite for risk returned and as traders await the signing of a “phase one” trade deal between China and the US. China’s yuan – the unit of its renminbi currency – had risen 0.57 per cent to [...]
Would libra have more success if it wasn’t launched by Facebook? November 11, 2019 At the World Blockchain Forum in September, one of the speakers asked who in the audience thought that libra was likely to succeed in taking cryptocurrencies mainstream. About half the room raised their hands. He then continued: “Who wants it to be Facebook that achieves this?” All hands were hastily lowered. It comes as no [...]
Pound nears $1.30 as weak dollar and election buoy GBP/USD November 1, 2019 The pound jumped against the dollar in early trading today thanks to a weaker US currency and hopes of a Tory majority at the upcoming election. GBP rose 0.34 per cent against USD to $1.297 as markets opened, buoyed by a weaker dollar due to the US Federal Reserve’s third cut to interest rates this [...]
Santander issues first end-to-end $20m blockchain bond September 12, 2019 Santander said today it has become the first financial institution to digitise the process of issuing bonds on a public blockchain. The Spanish banking giant used the public ethereum blockchain to tokenise the bond securely and register it on the blockchain – a sort of digital public ledger that can record transactions in close to [...]
Sterling resumes fall as Brexit debate takes bizarre turn August 7, 2019 Sterling has resumed its fall against the dollar on no-deal Brexit fears as the Queen was dragged into the acrimonious debate about Britain crashing out of the European Union. Read more: Dominic Cummings squares off over Dominic Grieve’s Brexit threat The pound had fallen 0.2 per cent against the dollar by 12.50pm UK time to [...]