UK's financial regulator said on January 11 that those who had invested in cryptocurrencies could lose all of their money as the volatile price of Bitcoin plummeted from an all-time high. The price dropped almost $42,000. Over the past year, Bitcoin surprised the market after it rose by more than 300%. It has captured the attention of both the public and institutional … [Read more...] about UK Regulator Warned Cryptocurrency Investors They Could Lose All Their Money as Bitcoin Price Drops
Pound Sterling Shows Promise, Jumps Ahead of Euro and US Dollar on the Global Market
The British pound showed improvement on January 19 amongst global investors as it appreciated against the Euro, US Dollar, Yen, and Franc. Both the European and Asian stock markets have gone higher in the middle of the week, while the futures for the United States markets also show an opening on Wall Street. This suggests that Pound Sterling's performance is showing promise … [Read more...] about Pound Sterling Shows Promise, Jumps Ahead of Euro and US Dollar on the Global Market
Brexit Ramification: How it Affected British Pound and Euro
The British pound had suffered immensely since the United Kingdom voted to leave the European Union. The two Downing Street successions were immediately followed by the COVID-19 pandemic that has affected the whole world and is reflected in the currency exchange market. But why did Brexit affect the British pound and euro so much? Numerous factors can cause currency … [Read more...] about Brexit Ramification: How it Affected British Pound and Euro
British Pound vs. US Dollar: The Highs and Lows as the Economy Struggles to Recover
Almost a year since the spread of the pandemic, the Pound exchange rates remain linked with the global economy, and it is interconnected with how well the British Pound does in the stock market. The US dollar also tends to be inversely related, and this type of combination strengthens the Pound-to-Dollar or GBP/USD exchange rate moves when the global conditions, like the … [Read more...] about British Pound vs. US Dollar: The Highs and Lows as the Economy Struggles to Recover
Brexit is Done, What is Next for the UK Stock Market?
As 2021 begins, so does trading. And now the trading year begins with a bang as the FTSE 100 finished the first day of trading by getting 1.7%. Sterling also saw a slight improvement as it reached above $1.37 for the first time since 2018. Both of them are examples of two very vital trends. First, the United Kingdom shares look very undervalued compared to other countries … [Read more...] about Brexit is Done, What is Next for the UK Stock Market?