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Get Your Crypto House in Order, Old Guard Tells Davos Debutantes
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Dollar Edges Back Towards One-Month Low
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Pound Steady Near 3-week Highs, UK Household Support Plan Eyed
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Sterling Slides After Soft PMI Data
Pound Falls as UK Inflation Hits 40 Year High
Date: May 18, 2022
By Lucy Raitano LONDON (Reuters) – The pound fell against the dollar on Wednesday after data showed British inflation rising to 9%, the highest level in 40 years. At 0846 GMT, sterling was down 0.9% against the U.S. dollar at $1.23820. The drop reverses most of the gains made on Tuesday when the pound touched...
The Dollar’s Primacy Will Not Be Threatened by Sanctions Against Russia
Date: May 17, 2022
By Nicholas Sargen, Darden School of Business Russia’s invasion of Ukraine poses one of the biggest challenges to the post-World War II order, and it could portend further problems ahead if the conflict is protracted, as General Mark Milley recently warned. Shortly after the invasion began, the United States and its NATO allies invoked sanctions against Russia...
How Do Crypto Exchange Platforms Work: All You Need to Know
Date: May 13, 2022
Introduction You can’t go to your bank or an investment agency and acquire cryptocurrency. After deciding to purchase Bitcoin, Ethereum, or another cryptocurrency, you’ll need to open an account with a crypto trading platform to convert your US dollars (or other money) for digital assets. Like the CEX crypto exchange platform and Coinbase, some have...
Weakening Economic Data Sends Sterling to New Lows Against Dollar and Euro
Date: May 12, 2022
By Joice Alves (Reuters) – Sterling fell to a fresh two-year low versus a strengthening U.S. dollar on Thursday after a slew of economic data pointed to the weakening of the economy. Britain’s economy unexpectedly shrank 0.1% in March after a slump in car sales due to supply-chain problems. Data also showed British employers added...
Dollar Moves Off Lows on Heels of Inflation Data
Date: May 11, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar moved sharply off its lows on Wednesday and briefly turned positive on the day after economic data showed inflation was unlikely to cause the Federal Reserve to adjust their aggressive path of monetary policy. The consumer price index rose 0.3% last month, the smallest gain since...
Sterling Steadies Near June 2020 Low
Date: May 10, 2022
LONDON (Reuters) – The British pound was little changed on Tuesday, pausing after a slide to its lowest levels in nearly two years on signs that a weakening economy will force the Bank of England to slow its interest-rate hiking cycle. At 0825 GMT, the pound was flat against the U.S. dollar at $1.2328, just...