February 3 (Wednesday): Pound Sterling falls behind US Dollar and little changed versus the Euro before a Bank of England meeting. This outcome came after UK's COVID-19 vaccine rollout offered some support on the British pound. The currency gained broadly last week thanks to the optimism over UK's successful COVID-19 inoculation program. Analysts are pinning their hopes … [Read more...] about Pound Sterling Stronger Than Euro but Falls Behind US Dollars
Financial Markets
Bitcoin in 2021: How it’s Going and What Investors are Doing
Bitcoin started at about $8,000 a unit, and it decreased to $5,000 a unit in March 2020. After suffering a slump in December 2020, Bitcoin bounced back and was priced at $20,632, a record-number high for the cryptocurrency. And since then, it has not stopped growing. In January 2021, you can buy or sell one Bitcoin for $41,000. The numbers are impressive, but this is not … [Read more...] about Bitcoin in 2021: How it’s Going and What Investors are Doing
Pound Bounces Back, Scores Higher than Euro
The British Pound still has a tremendous near-term impulse that could get new highs over the next few weeks, with foreign exchange markets looking to the potential for a sustainable exit from a pattern of economy-breaking lockdowns in 2020. UK Pound Going Steady Pound Sterling suffered a setback towards the middle of the week but fortunately recovered through January 28. The … [Read more...] about Pound Bounces Back, Scores Higher than Euro
Market Rout Affects UK Pound’s Standing Against Euro and US Dollar
The British Pound has now eased back against its key rivals, the Euro and the US dollars, despite the tumultuous session for the stock market that has seen the gains in 2021 that was erased in just hours. This is, unfortunately, creating a ripple effect on the financial marketplace. Pound Sterling had suffered a setback following a deep slump in global stock markets. … [Read more...] about Market Rout Affects UK Pound’s Standing Against Euro and US Dollar
UK Pound Forecast 2021: What to Expect
The British pound is performing well compared to the US dollar, and it has been the trend in recent months. This outcome comes to light after the United Kingdom negotiated a Brexit deal with the European Union and started distributing the COVID-19 vaccination, thus raising expectations of returning to normal activities. On January 25, the UK pound was trading at 1.37 against … [Read more...] about UK Pound Forecast 2021: What to Expect