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
The post LIVE: Oil surges, Bitcoin struggles to stay above $61K as US prepares to launch new attacks on Iran today appeared on BitcoinEthereumNews.com.
Investors became cautious again and markets declined on Wednesday due to new tensions between the US and Iran. Speaking at the NATO summit in Ankara, Turkey, US President Donald Trump stated that the ceasefire with Iran is over following fresh clashes in the Middle East region. Dow Jones, S&P 500, and Nasdaq all declined amid the risk-off sentiment. The DJIA dropped by 488 points or 0.9%, the S&P 500 index fell by 0.6%, while the Nasdaq Composite index decreased by 0.4%. Oil prices surged dramatically due to the renewed threat of military conflict. The price of Brent increased by 4.6% to $77.56 per barrel, while the price of WTI grew by 4.2% to $73.45. At a joint press conference with NATO chief Mark Rutte, Trump was asked about the ceasefire and said, “I think it’s over.” He added, “I don’t want to deal with them anymore … as far as I’
The post Japanese Yen falls as renewed US-Iran tensions boost the US Dollar, Oil prices appeared on BitcoinEthereumNews.com.
USD/JPY edges higher on Wednesday as renewed escalation in the Middle East boosts demand for the US Dollar (USD) and lifts Oil prices, weighing on the Japanese Yen (JPY). At the time of writing, the pair is trading around 162.50, close to 40-year highs. The United States and Iran exchanged fire overnight following attacks on commercial ships near the Strait of Hormuz earlier this week. On Wednesday, US President Donald Trump declared that the ceasefire deal with Iran was “over” and said dealing with Tehran was “a waste of time” while speaking at the NATO Summit in Ankara, Turkey. The latest escalation has dampened hopes for a near-term peace deal, reigniting concerns over potential disruption to global Oil flows through the critical waterway, where shipping had been gradually improving since last month’s interim peace agreement. The rebound in Oil prices has revi
The post U.S. Stock Futures Fall After Trump Says Iran Ceasefire Is Over appeared on BitcoinEthereumNews.com.
The post U.S. Stock Futures Fall After Trump Says Iran Ceasefire Is Over appeared first on Coinpedia Fintech News U.S. stock futures declined after President Donald Trump said the ceasefire with Iran was over. According to the source, S&P 500 futures fell 1.1%, Dow Jones futures dropped 1.4%, and Nasdaq 100 futures lost 1.6%. The move reflects rising investor concerns over renewed conflict in the Middle East and its potential impact on financial markets. … Source: https://coinpedia.org/crypto-live-news/u-s-stock-futures-fall-after-trump-says-iran-ceasefire-is-over/
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
Geopolitical tensions heighten market volatility, challenging investor confidence and highlighting crypto's vulnerability as a risk asset.
The post Dow, S&P 500, and NASDAQ open lower after Trump threatens Iran strikes appeared first on Crypto Briefing.
The post US Dollar: Warsh risks skewed to cuts – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Antje Praefcke argues that interest rate differentials are again driving the Dollar, with USD reacting strongly to weaker US data as markets reassess new Fed Chair Kevin Warsh. She suggests limited scope for further hikes but growing risk of earlier rate cuts, leaving USD more vulnerable to negative data than supported by positive surprises. Fed uncertainty weighs on Dollar outlook “Nevertheless, in my view, the risks are asymmetrically distributed. Despite the hawkish surprise at the start of his tenure, the risk is likely growing that, in the face of weak data and falling inflation, Warsh will want to cut interest rates faster and more aggressively. Even if the USD is likely to hold up well for now, it will probably suffer more from weak data than it will appreciate from positive data.” “This is because there is hardly any room for expectations of further rate hikes amid fa
The post Swiss Franc holds losses as fresh US-Iran tensions support the US Dollar appeared on BitcoinEthereumNews.com.
The Swiss Franc (CHF) nurses minor losses against the US Dollar (USD) on Wednesday but is depreciating nearly 0.7% so far this week. The USD/CHF pair has steadied at the upper range of the 0.8000s, buoyed by investors’ concern about the resumption of hostilities in Iran and markets’ cautiousness ahead of the release of the minutes of the latest Federal Reserve (Fed) monetary policy meeting. US President Donald Trump rattled markets earlier on the day, affirming at the NATO summit in Turkey that the ceasefire between the US and Iran is over and that he does not want to deal with Tehran any more, as “they’re scum”. These comments follow a series of reciprocal attacks earlier on the day and the US revocation of Iran’s authorisation to export crude. The market reaction has been moderate so far, but has provided some support to the Greenback to pick up against most peers, y
