The British pound has broken higher during the course of the trading week, clearing the 1.37 handle. By doing so, the market looks as if it is ready to continue going higher.
The British pound has broken higher again during the trading session on Friday, breaking the top of the shooting star from Thursday.
The cryptocurrency market has been quite vibrant this week, said one analyst.
A group of regulatory experts have launched the Digital Pound Foundation – an independent forum set up to assist implementation of the UK’s digital Pound.
Plum believes savers and investors across Europe are looking to fintechs to help them grow their wealth in the wake of the pandemic.
It’s a relatively busy day on the economic calendar, with stats from the Eurozone and Canada in focus. U.S retail sales and consumer sentiment will be key, however.
It could take some time for the rollout to be adopted nationally, due to the fact that payment terminals will need to be updated to accept the new limit.
Ripple, the financial technology company best known for the cryptocurrency XRP, will oversee the development of the digital British pound in an effort to launch a digital currency within the United Kingdom.
The British pound has pierced the 200 day EMA during the trading session on Thursday, as it looks like we are trying to go much higher.
'We strongly encourage our customers to respect their neighbours' privacy,' said Ring.
Bitcoin has set off to a flying start in October with gains of 31%, said one analyst.
Bosses at Felixstowe, the UK's busiest commercial port, said yesterday backlogs would have a knock-on effect on Christmas deliveries.
The Bank of England has set up its own forums to explore a digital pound as well.
It’s a quieter day ahead on the economic calendar. Early this morning, inflation figures from China will draw attention ahead of U.S jobless claims later in the day.
Almost 12 million homes increased in value by the national average of £49,000 or more.
In Bristol, Nottingham and Glasgow, rents are now over 10% higher than they were before the pandemic.
By Sam Boughedda
The British pound rallied a bit during the course of the trading session on Wednesday to show signs of life again.
In its monthly report, the group said it now expects oil demand to grow by 5.82 million barrels per day, down from its initial 5.96 million forecast.
'The time available is too brief, and the risks from failure are too great,' said one think tank.