The post British Pound: Pound resilience faces political risks – Rabobank appeared on BitcoinEthereumNews.com.
Rabobank’s Senior FX Strategist Jane Foley highlights that the British Pound (GBP) has been a strong G10 performer this year, supported by sticky United Kingdom (UK) inflation, Bank of England (BoE) rate expectations and inbound M&A flows. However, Foley warns that excess economic capacity, high government debt and political uncertainty around Burnham’s incoming Labour government and fiscal stance could weigh on GBP, with EUR/GBP seen higher by year-end. Feel good for now “The pound is the second best performing G10 currency in the month to date after the NOK. In the year to date the pound is fourth place in the G10 performance table. The UK’s recent history of sticky inflation and the swing in short-term interest rates at the start of the Iran war to pricing in BoE rate hikes can partly explain GBP’s resilience.” “Despite this month’s better tone, we don’t see GBP as being fr
The post Coinbase UK Regulatory Approval Paves Way for Investment Services appeared on BitcoinEthereumNews.com.
Coinbase has secured a landmark regulatory approval in the UK, receiving authorization from the Financial Conduct Authority to provide investment services through a MiFID license — a move that fundamentally reshapes what British users can do on a crypto platform. This is not a minor compliance update. It is the most significant product expansion Coinbase has made in the UK since it entered the market, and it arrives at a moment when the country is actively building the regulatory architecture that will govern digital finance for years to come. Key takeaways Coinbase received FCA authorization via a MiFID license, enabling it to offer regulated investment services in the UK. UK retail customers can now trade equities on Coinbase for the first time. Institutional and advanced traders gain access to derivatives including perpetual futures on crypto, equities, and commodities. Al
The post Pound Sterling Price News and Forecast: GBP slumps against US Dollar as risky assets turn fragile appeared on BitcoinEthereumNews.com.
British Pound slumps against US Dollar as risky assets turn fragile The British Pound (GBP) is down 0.13% to near 1.3340 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces selling pressure as renewed geopolitical risks have diminished the appeal of riskier assets. At press time, S&P 500 futures are down almost 1% to near 7,430, demonstrating a risk-off market mood. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally higher to near 101.15 after recovering early losses. Read more… Pound awaits tighter policy from Bank of England GBP/USD declined to 1.3352 on Wednesday amid a general deterioration in the external environment and a decline in risk appetite. The escalation of tensions in the Strait of Hormuz and Iran’s attacks on facilities in
July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries weaker or unchanged, amid hopes the economic impact of the Iran war may be less severe than feared.
In a July update of its World Economic Outlook, which was finalised before the latest outbreak of hostilities in the Middle East, the Washington-based organisation projected UK gross domestic product to grow by 1% this year – up 0.2 percentage points from its April forecast.
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The post British Pound slumps against US Dollar as risky assets turn fragile appeared on BitcoinEthereumNews.com.
The British Pound (GBP) is down 0.13% to near 1.3340 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces selling pressure as renewed geopolitical risks have diminished the appeal of riskier assets. At press time, S&P 500 futures are down almost 1% to near 7,430, demonstrating a risk-off market mood. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally higher to near 101.15 after recovering early losses. Risks of the restart of the Middle East war have forced investors to shift to the safe-haven fleet. In the European trade, United States (US) President Donald Trump said that the “memorandum of understanding (MoU) with Iran is over”, adding that he doesn’t want to deal with them. This came as Tehran continues to prove its authority over the Strait of Hormuz, a critical c
The post Swedish Krona: Growth strong, currency soft – Societe Generale appeared on BitcoinEthereumNews.com.
Societe Generale’s Kit Juckes argues that Sweden’s strong growth and low inflation contrast with broader G10 dynamics, yet the Krona remains weak. He notes Sweden’s superior debt sustainability and recent data showing robust Gross Domestic Product (GDP) and minimal inflation. Despite real effective depreciation over two decades, he expects economic outperformance versus the Eurozone to eventually draw capital inflows and influence Swedish Krona (SEK) and inflation. Krona cheap versus Euro and Pound “… Krona has fared over the last year – rallying until February 2026 and then falling (EUR/SEK rising) in the period since then.” “In real effective terms, the krona is 6% above its 2023 lows, but it has lost 18% in real terms over the last 20 years.” “This morning’s data – core CPI inflation at 0.4% y/y and monthly GDP up 3.9% y/y, are pretty striking – even if monthly GDP data shoul
The post EUR/GBP Price Forecasts: Euro holds below 0.8450 with indicators showing some bullish divergence appeared on BitcoinEthereumNews.com.
The Euro (EUR) is trading flat against the British Pound (GBP) on Wednesday, with bears contained above 0.8535 yet failing to find acceptance above 0.8650 so far. Price action shows a clear bearish trend, although the bullish divergence evident in the four-hour Relative Strength Index (RSI) suggests that sellers might be exhausted. In the fundamental domain, geopolitical tensions are back in the spotlight as US President Donald Trump called the US-Iran ceasefire to an end. Oil prices have bounced up from recent lows, and risk appetite has vanished, which is weighing on any significant Euro recovery. European Central Bank (ECB) board member José Luis Escrivá affirmed on Wednesday that the bank should keep all options open but that monetary policy would normally “look through one-off energy price shocks.” The Euro barely moved following Escrivá’s
The post British Pound: Sterling supported as yields retrace – MUFG appeared on BitcoinEthereumNews.com.
MUFG’s Derek Halpenny highlights that implied volatility in GBP/USD has barely moved after Nigel Farage’s decision to resign and recontest his Clacton seat, calling the by‑election a sham with potential further votes if he is sanctioned. He stresses that GBP volatility is more tied to incoming PM Andy Burnham’s economic stance, with lower 10‑year Gilt yields, contained fiscal worries and weaker UK inflation supporting the Pound as a top G10 performer. Politics, yields and Pound performance “Finally, there has also been limited changes to implied vol level in GBP/USD on the back of the announcement from Nigel Farage that he will stand down as MP for Clacton but then contest the same seat in the by-election. This was to protest the investigations by the parliamentary standards committee into his finances on concerns he breached parliamentary rules.” “This will result in the investigat
The post Coinbase Gets MiFID License In UK For Derivatives And Equities Access appeared on BitcoinEthereumNews.com.
Coinbase, the popular crypto exchange, has achieved another regulatory achievement. In this respect, Coinbase has secured investment services approval in the United Kingdom under the Markets in Financial Instruments Directive (MiFID) framework. As Coinbase revealed in its official press release, the authorization permits it to broaden beyond crypto, providing access to derivatives and equities alongside digital assets. Thus, the move denotes the biggest expansion of the UK product stack since entering the market. Today marks our biggest ever expansion of Coinbase UK’s product suite. We’ve now secured an investment services authorisation in the UK, enabling us to soon offer both equities and derivatives. Another step to bringing the everything exchange worldwide. pic.twitter.com/sns3IGRHHM — Coinbase 🛡️ (@coinbase) July 7, 2026 Coinbase Increases UK Offerings with Exclusi
