GBP/USD teases bears around 1.2250 ahead of UK inflation, Fed Chair Powell’s testimony

👉 GBP/USD snaps two-day uptrend, flirts with intraday low at the latest. 👉 Brexit pessimism joins UK’s political chaos to portray downbeat conditions at home. 👉 BOE’s failure to impress bulls highlights UK CPI amid hopes of faster/heavier rate hikes. 👉 Powell needs to justify the biggest rate increase since 1994 and signal Fed’s aggression […]

GBP/USD Rally May Have Peaked, Eurozone’s Outlook & USD Weakness

Sterling’s surge to pre-Covid-19 highs against the U.S. dollar Wednesday, when GBP/USD hit 1.3268 according to FactSet, may not happen again, says ABN Amro. The Dutch bank expects GBP/USD to fall as investors switch to a greater focus on Brexit uncertainty and weaker U.K. data, combined with a less negative sentiment towards the dollar, says […]

U.K. Economy Shrinks by More Than Any Other Rich Country

LONDON — The U.K. recorded a steeper second-quarter contraction than any other rich country, a performance that means it suffered the worst economic hit from coronavirus in Europe as well as reporting the highest death toll. The economy is already recovering as restrictions on daily life ease and workers trickle back to factories and offices, […]

GBP/USD unmoved: United Kingdom in COVID-19 recession after GDP shrinks 20.4% in Q2

The UK is in an official recession, the country’s statistics authority confirmed on Wednesday. GDP fell by 20.4% in the second quarter of 2020, the biggest fall on record, according to figures from the Office for National Statistics. The fall marks the second consecutive quarter of retraction, a widely-used definition of a recession. It is […]

The End of Money as We Know It – a Bitcoin Documentary

The End of Money as we Know It examines the meteoric ascent of the revolutionary cryptocurrency which rose from the ashes of the 2008 global financial crisis. As economies, and ultimately people, struggle all over the world, Bitcoin purports to provide an antidote to a world in which money is created irresponsibly by private banks. […]