by Jibran Munaf | October 5, 2024 | Currencies
The British pound edged higher against the dollar and euro on Friday, recovering from a sharp drop caused by comments from Bank of England Governor Andrew Bailey suggesting a more aggressive approach to interest rate cuts. Sterling’s Fragile Recovery Amid BoE...
by Jibran Munaf | October 5, 2024 | Cryptocurrencies
Coinbase, a leading cryptocurrency exchange, announced plans to delist specific stablecoins in the European Economic Area (EEA) by the end of 2024 in preparation for the European Union’s impending crypto regulations. Preparing for MiCA Regulations The upcoming...
by Jibran Munaf | October 3, 2024 | Central Banks, Currencies
The Central Bank of Egypt (CBE) announced the issuance of treasury bills (T-bills) worth EGP 50 billion through two auctions held on Thursday, 3 October 2024. This move comes just ahead of the national holiday commemorating the 6th of October War Victory anniversary....
by Jibran Munaf | October 3, 2024 | Currencies
The British pound steadied at $1.3286 on Wednesday, following a sharp 0.67% drop the previous day as escalating tensions in the Middle East drove investors toward safe-haven assets like the U.S. dollar. The pound remains around 1% below a two-and-a-half-year high...
by Jibran Munaf | October 3, 2024 | Currencies, Currency Markets Analysis, Currency Trading Strategies
Despite Japanese Prime Minister Shigeru Ishiba’s recent dovish remarks, market analysts continue to hold their expectations for a Bank of Japan (BOJ) rate hike in the longer term. The yen slid sharply, reaching 147.15 against the U.S. dollar, after Ishiba stated...
by Jennifer George | October 2, 2024 | Cryptocurrencies, Currencies, News
Heightened tensions in the Middle East rattled cryptocurrency prices as Bitcoin slid to $60,000 levels on Tuesday night. The bullish cryptocurrency was last down nearly 4%, trading at $60,972.62, according to Coin Metrics. At approximately 4:45 p.m. Eastern Time,...
