The Pound rose against the dollar on Wednesday morning after UK inflation fell below the double digits to 9.9% in August, following a 40-year record of 10.1% in July. The Sterling rose to $1.1546 earlier in the morning and was trading at $1.1543 in late morning trading. UK inflation fell primarily on lower petrol prices, […]

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The Pound fell to its lowest level against the Euro since early 2021, after hawkish rhetoric from the European Central Bank strengthened the Euro while the UK’s weaker than expected GDP report failed to boost the flailing Sterling. UK GDP grew 0.2% in July after a 0.6% fall in June, representing a return to growth. […]

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The Pound remained below the $1.15 mark on Thursday morning, hovering at $1.1494 ahead of new Prime Minister Liz Truss’ energy relief plan. Truss is scheduled to reveal a £130 billion proposition to freeze or reduce the energy price cap ahead of its 80% rise to £3,548 in October this year. The Pound hit a […]

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The Pound fell to its lowest level against the dollar since 1985 today on the back of the US currency’s rising strength and the UK’s gloomy economic outlook. The Sterling plummeted to $1.1407 and is currently at 1.1448. The dollar has been growing in strength over recent days, hitting a 24-year high against the Japanese […]

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The Pound fell to 1.14922 against the dollar in late morning trading on Wednesday as the dollar strengthened. The Sterling hit a low of 1.14545 earlier in the morning, marking a fall from its high of 1.1609 on Tuesday after reports emerged regarding new Prime Minister Liz Truss’ £130 billion relief plan to freeze or […]

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The Pound Sterling picked up in early morning trading on Tuesday following Bloomberg’s report that new Prime Minister Liz Truss had shored up plans for a £130 billion energy relief package for struggling UK households. The Pound rose from 1.15646 just after 06:00 to 1.15894 after Bloomberg broke the scoop, with the Sterling trading at […]

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The Pound remained lower against the dollar after Liz Truss was announced as the next UK Prime Minister on Monday, replacing departing Conservative leader Boris Johnson. The Sterling was 1.1508 against the dollar in late afternoon trading, after falling to its lowest level since 1985 of 1.1474 in advance of the announcement over Monday morning. […]

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The pound Sterling steadied on Friday in advance of the upcoming Prime Minister appointment next week. The currency took a sharp drop earlier in the week on the back of a report from the Resolution Foundation, which revealed the UK was facing its largest drop in living standards in a century. The pound fell to […]

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The Dollar reached a close to two-decade high in advance of the US nonfarm payrolls report, as markets awaited confirmation of promising jobs data which could advance hopes of a hawkish stance from the US Fed at the next interest rates meeting. US Fed chair Jerome Powell previously commented at the Jackson Hole convention that […]

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The pound suffered its biggest monthly hit against the dollar since 2016 on Thursday after the Resolution Foundation reported the UK was heading towards its lowest living standards level in a century. The Foundation estimated UK people in poverty would rise by three million, with relative child poverty on track to its highest level of […]

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The Pound Sterling weakened against the Dollar and the Euro after US Federal Reserve chair Jerome Powell’s comments at the Jackson Hole convention sent markets on both sides of the Atlantic into a spiral last Friday. Investors fled stocks following Powell’s confirmation of probable further interest rate hikes to tackle sky high inflation. A single […]

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The dollar rose against the Pound and the Euro ahead of the Jackson Hole convention this week, at which US Federal Reserve chairman Jerome Powell is expected to announce higher interest rates across the country. The US currency has enjoyed renewed strength as the Euro struggled on a deepening energy crisis and the Pound was […]

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The US Dollar declined from its 20-year record high in advance of the US Federal Reserve’s interest rates decision, which is predicted to see a 0.75% rise in a bid to combat soaring 9.4% inflation across the Atlantic. According to Reuters, traders are betting on a 0.75% increase with an outside chance of a more […]

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Sterling broke on a bad note on Thursday morning after the highly-anticipated talks between UK Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen failed to culminate in a Brexit trade deal. Although an agreement to continue negotiating has reportedly been reached, hopes of a deal are becoming slimmer by the moment, […]

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LSE-listed fintech, Mode Global Holdings (LON:MODE), has been on the right side of the recent Bitcoin surge, with the company reporting that in-platform trading volumes spiked by 950% between August and November. The company said that customers have been using their app to buy and hold Bitcoin as the cryptocurrency hit its highest price since […]

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It feels as though we’re copy and pasting an old story. The pound sterling drops as two sides willing to negotiate and unwilling to compromise, hit another stalemate over the allocation of post Brexit fishing rights. Michel Barnier made his way to London on Friday, following news that the UK negotiating team had turned down […]

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Fintech firm, Glint Pay, announced on Wednesday that it has taken its ‘first major steps’ in offering a gold-based corporate facility, as investment manager, Perspective Investments, opened a business account and became the fintech’s largest corporate client. Perspective Investments said they will use their Glint Pay business account to store capital, and will offer employees […]

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While not moving quite as enthusiastically as they did after previous vaccine updates, Pfizer‘s latest news saw global equities nudge higher on Wednesday. Noticeably muted, though, was the FTSE. Having led the pack in recent vaccine news rallies, the index was weighed the pound rising on renewed Brexit hopes. While the Dow Jones rallied by […]

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Gold as currency fintech firm, Glint Pay, has continued its expansion since its Crowdcube campaign in 2018. Today, it announced that it had secured an additional £2.5 million in funding to support its growth, to 138,000 active users in the next twelve months. The funding news follows the launch of Glint Pay’s peer-to-peer transfer facility […]

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US-based global investment firm D1 Capital Partners L.P. (D1) has announced it has purchased a stake in one of the UK’s leading fintech companies – online money transfer service TransferWise. Sky News reported on Monday that D1 has bought a $200 million stake in TransferWise as part of a secondary share sale last week, which […]

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After an exciting – if not positive – start to last week, the tale of the tape for markets on Monday appears decidedly more dull. With little on the calendar and the FTSE predictably lagging behind mainland European indices, onlookers will be holding their breathe for the next tweet from Trump and the anticipated announcement […]

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With suggestions of a potential resistance being mounted against Boris Johnson’s likely no-deal Brexit trajectory, Sterling gained slightly yesterday morning. Unfortunately, this gain perhaps dampened FTSE prospects of joining in yesterday’s rally (until later in the afternoon), at least to the same extent as other European indices. Speaking on market opening movements and his predictions […]

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Ok, the bull may not be THAT appropriate. Last week we were told there is a one-in-three chance that recession is coming – sadly, markets don’t seem to want to get it over with. Manufacturing PMI is at its lowest level in months, miners are struggling (outside of gold and vanadium), the US bond market […]

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Following yesterday’s currency war fears and Donald Trump’s verbal retort, Wall Street’s main stock market indexes saw their worst day of trading in 2019. Today, the market reacts to President Trump calling China ‘currency manipulators’, the first accusation of its kind from a US president since Bill Clinton’s administration in 1994. China is intent on […]

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Its not over because the fat president sung. With one hand probing the coffers of the US Fed and his other fist shaking at Xi Jinping, you couldn’t accuse President Trump of being docile last week. Today, Yuan devaluation saw China play its first hand in what appears to be the re-opening of the Sino-US […]

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In a refreshing turn of events, Britain and Brexit are not the calling card for media woes. Today the bell tolls for the German economy, with market analysts forecasting a recession following a drastic decline in factory orders. Was zur Hölle While Germany may be Europe’s largest economy, and often praised for its mixed structure, […]

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This article was originally published by Queen Mary University of London on the South Asian Politics Forum. Since his arrival in office in 2014, Narendra Modi has set about reforming the social and economic landscape of India, with his policies having mixed success in aiding economic development. While the earlier portion of his tenure was […]

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