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September 3, 2018

GBP Gains Momentum as Brexit Progresses

The Pound and Brexit negotiations picked up pace this week following further talks between Michel Barnier and Dominic Raab. The developments followed a six-hour bout of negotiations and were announced in the following press conference. It would appear that relations between Barnier and Davis which looked to be frayed have been improved by Raab, whilst we […]
August 31, 2018

A Weekly News Roundup for Cryptocurrency

Another exciting week in the cryptocurrency market with a small bounce back for many coins this week. XRP moved from $0.24 to $0.32 at the time of writing but Ethereum is still getting hammered with a slow bleeding of a further 7.35% in the last 7 days. We’ve summarised the most important and interesting stories […]
August 28, 2018

US Dollar Down as Trade Talks End and FED Leans to Gradual Rises

The US Dollar has been sold off conclusively this week as talks were concluded between the US and China.  The talks related to recent tariffs imposed by the US lasted 2 days with no resolution. The Dollar’s movements haven’t just been suppressed by the lack of positive talks between China and the US; the Chair […]
August 28, 2018

9 Reasons Why Cryptocurrency Is Struggling for Adoption

Its coming and since April last year, cryptocurrency has taken of markedly despite the boom and bust of December and January. However, there is still such a long way before this becomes mainstream and fully integrated into society. So, what are the barriers to adoption at the moment? 1. Not enough clarity You don’t need […]
August 27, 2018

The Australian Dollar Strengthens as Scott Morrison Wins Prime Ministerial Race

Partly assisted by the outcome of The Jackson Hole symposium which took place in the hours that followed, the Australian Dollar enjoyed a slight lift as Scott Morrison was elected the 30th Prime minister of Australia this week, Morrison succeeded Malcolm Turnbull who had faced two leadership challenges in recent weeks. Liberal party leadership challenge […]
August 22, 2018

Venezuelan Bolivar Pegged to Crypto in Order to Stabilise Economy

The Venezuelan President Nicholas Maduro has taken the desperate steps to peg its currency to its oil-linked cryptocurrency. This process devalued the Bolivar enormously, meaning day to day necessities are now being paid in vast quantities of cash. The process rendering the currency worthless. The President announced a number of changes to the Venezuelan economy […]
August 21, 2018

Emerging Market Currencies Feel the Effects of Lira’s Losses

A basket of emerging market currencies was sold off this week fuelling speculation that the Turkish Lira’s losses could be spreading to other economies. Emerging market currencies such as the South African Rand, Argentinian Peso and notably the Indian Rupee all seeing significant declines this week. Not escaping the ripples from the fallout, stock markets […]
August 20, 2018

Inflation Figures Boost CAD – but Is Canada Being Eased out of NAFTA Talks?

This week’s Canadian Inflation Figures spurred the Canadian dollar this week with the Loonie enjoying gains against a multitude of currencies. The figure which smashed its target is now fuelling speculation that the Bank of Canada could raise interest rate again. The gains come despite speculation that the US and Mexico could be squeezing Canada […]
August 20, 2018

Cryptocurrency Bleeds as SEC Delays ETF Decision

Bitcoin and most other cryptocurrencies bleed sharply on Wednesday after the U.S. Securities and Exchange Commission (SEC) delayed a decision on a proposed bitcoin exchange-traded fund (ETF), which would have been the first financial product of its kind. Cryptocurrency markets took and felt the full shock across the board. Bitcoin was down around 6% from 24 […]