The British Pound had reached a new high after eight months against the euro and US dollar in the past week. Now it has retreated, and it seems like the weekend won't be strong either. Analysts said that Pound Sterling would stay well supported amid the rising global markets and the vaccine rollout in the United Kingdom. The British pound-to-euro exchange had hit an … [Read more...] about UK British Pound Gets Behind Euro and US Dollar; Outlook Over Market Performance Remains Constructive
Financial Markets
Brexit Effect: UK Pound is Still Strong But May Suffer in the Next Few Years
Since January 1, 2021, the Brexit deal did not significantly affect the British pound's exchange rate. The pound was still steady against the other currencies, such as the US dollar, which at the time was at US$1.36 and has strengthened a bit against the euro to €1.12. These figures are consistent with the expectations of the global market. Now the question is, what will … [Read more...] about Brexit Effect: UK Pound is Still Strong But May Suffer in the Next Few Years
UK Regulator Warned Cryptocurrency Investors They Could Lose All Their Money as Bitcoin Price Drops
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 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?