Saturday’s interview with the Financial Times saw Mr Javid state the UK would not commit to following EU rules in post-Brexit negotiations. Commenting on this, Adam Cole, RBC Capital Markets chief currency strategist said: “It’s about the UK diverging from Europe, and that would necessarily result in limiting access...
However, as the price of oil and gold responded to tensions between the US and Iran, investors also turned to crypto as the threat of war loomed. Market volume increased rapidly, and a jump above $7,000 immediately after the US airstrike killing Iranian military leader Qasem Soleimani in...
Euro traders have remained cautious, however, after yesterday saw the publication of Germany’s growth report, which showed its slowest rate of growth since 2013. Holger Schmieding, an analyst at Barenberg Bank, was pessimistic about the Eurozone’s powerhouse economy, commenting: “The golden decade Germany has seen for growth is...
Julian Evans-Pritchard, Senior China Economist at Capital Economics, said that the deal was “mostly a rehash of existing commitments”, echoing a more general sentiment which has left US markets feeling jittery over further obstacles to a “phase two” agreement between Washington and Beijing. However, US President Donald Trump’s top...
Managing director Andy Harding said that the company wants to establish itself as the leading player in the growing "buy now, pay later" finance market. Openpay entered the UK last summer and its competitors include Klarna, Clearpay and Payl8r."Our competitors have first-mover advantage, but we can overhaul them,...
The 46-year-old artist was this week given permission to create Akon City on land given to him in 2018 by Senegal’s president – Macky Sall.Once complete, the self-contained community will trade using the Akoin – a cryptocurrency to be launched by the singer and philanthropist later this year.The...
Mr Fanusie, now adjunct senior fellow at the Center For A New American Security think tank, said: “Because cyberattacks are a form of asymmetric warfare with plausible deniability, it makes sense that Iran would use them to strike back. “Crypto could play a role in that." He says Iran...
Now researchers from cybercrime experts Kaspersky Labs say Lazarus is launching a new wave of hacks to steal cryptocurrency to fund the brutal dictatorship of Kim Jong-un. "Victims were recorded in the UK, Poland, Russia and China,” the Kaspersky report states.“Moreover, we were able to confirm that several of...
Speaking at a conference in London this morning, Mr Carney suggested the BoE could respond ‘promptly’ if weakness in the UK economy persists for much longer, a strong hint that interest rates could be cut in the near-term. While the BoE forecasts that the UK economy will recover in...
Mr Carney was notably dovish in today’s speech, saying: “There are downside risks from global growth and the possibility that uncertainties over future trading relationships could remain entrenched. With the relatively limited space to cut Bank Rate, if evidence builds that the weakness in activity could persist, risk management...