britishpound
The British pound (GBP) lost half a percent against the U.S. dollar on Thursday after the country’s central bank decided not to raise its benchmark interest rates by 25 basis points. The GBP/USD fell nearly 0.6% on Thursday to dip below the 1.23 mark. This major currency pair has been trading in a clear downtrend in recent weeks after hitting a 15-month high back in July. The pound has lost nearly 7% in about 2 months, mostly due to the greenback’s strength. More importantly, GBP/USD now trades below important technical levels, which may invite more weakness. On the downside, the next cluster ...
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As we move into 2023’s second quarter, global financial markets remain on an unprecedented path of change, and currencies play a vital role in shaping their economic landscapes. The foreign exchange (FX) market is the world’s biggest and most liquid financial exchange; recently, it has experienced many transitions as certain currencies gained more attention while others experienced volatility. In this article, we examine some of the most actively traded currencies during Q2 2023 in terms of importance, causes, potential influences on trading activities, and potential impacts that these could p...
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Warnings from the Federal Reserve that the inflation fight is not yet over set to hang over markets.Investors are in a cautious mood, reflected by mixed trading in Asia but FTSE 100 has opened a notch higherG20 in focus this week amid hopes that a floor could be put under the deteriorating China/US relations.Pound holds onto gains above $1.17,as UK government prepares strict budget to appease the bond markets.Bitcoin rises by 2.4% amid signs the crypto meltdown has been put on ice.Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by...
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Liz Truss’s resignation will fuel financial markets’ fears as political chaos in the UK heightens, warns the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations. The grim warning from Nigel Green of deVere Group follows the British Prime Minister’s resignation on Thursday afternoon after just 45 days in office. Market Volatility Will Not Go Away With Liz Truss ResignationHe says: “Markets are unforgiving. We have seen this in recent weeks when the pound hit historic lows against the dollar, gilt yields jumped, and stock markets dipped du...
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British Prime Minister Boris Johnson announced his resignation Thursday following nearly three years at the helm of the U.K. government. Boris Johnson became the U.K. prime minister three years ago, replacing Theresa May. Shortly after coming into power, Johnson called for a snap election where he won a parliamentary majority. However, many will remember his premiership by scandals and conservative decisions, as well as numerous allegations of misleading the public. Why Did Boris Johnson Leave?During his resignation speech, Johnson said the Conservative Party will start exploring options for t...
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The British pound fell against the U.S. dollar and the UK’s leading benchmark FTSE dropped amid more uncertainty coming from PM Boris Johnson’s administration. UK Health Secretary Sajid Javid said in a tweet that he quit Johnson’s government and that he’s lost confidence in the Prime Minister. Meanwhile, the Chancellor of the Exchequer Rishi Sunak also announced his resignation on Tuesday. Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each a...
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The Bank of England’s plans to scrap mortgage affordability rules have been branded as “utter madness” by the CEO of one of the world’s largest financial advisory organizations, who says the move underscores how the central bank is “failing Britain.” The damning analysis from deVere Group’s Nigel Green comes as the BoE announced lenders will no longer have to verify whether homeowners could afford mortgage payments at higher interest rates. Q1 2022 hedge fund letters, conferences and more The Bank of England's Move Is BizarreHe comments: “This move by the Bank of England is bizarre, to say the...
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The British pound – already showing ‘emerging market’ traits – faces a difficult time ahead amid political storms in the UK, warns the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. The warning from Nigel Green of deVere Group comes despite sterling holding gains against the dollar and euro as Boris Johnson survived a No Confidence Vote on Monday. Q1 2022 hedge fund letters, conferences and more It also follows Bank of America Corp. strategists last week urging investors to hedge for an “existential” sterling crisis as the British ...
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“Investors were already on tenterhooks about any further outlook for inflation, so it was almost inevitable that a hawkish speech from a Bank of England policy maker, became words which moved markets, albeit briefly. [soros] Q2 2021 hedge fund letters, conferences and more Pound Rises And The FTSE 100 FallsThe pound rose sharply before falling back slightly, and the FTSE 100 also fell after Michael Saunders, a member of the monetary policy committee flagged a raft of warning signs indicating that the trends fuelling prices rises may not be temporary. He’s forecasting that inflation could stay ...
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“After a show of strength over recent months, the pound wobbled on the eve of the G7 summit, and although it’s likely to avoid a precipice, issues being debated at the top of the Cornish cliffs this weekend, risk another decline. Q1 2021 hedge fund letters, conferences and more The British Pound WobblesWhile sausages are highly unlikely to be on the fine dining menu G7 leaders sit down to, they have already sparked a high-level trade row and a fresh fall in sterling. The UK stands accused of inflaming tensions by indicating it may refuse to carry out checks on goods like meat between the UK an...
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