Markets took their cue from the Federal Open Market Committee’s guidance from Wednesday evening onwards as Fed Chair Jerome Powell all but conceded that the Fed will cut US interest
Ben Robson – The week of 17th-21st June 2019
US markets were little changed last week. US Consumer Prices again faltered, coming in at 2.0% Y/Y for May versus expectations of 2.1%. Headline US retail sales missed the mark
Ben Robson – The Week of 29th April- 3 rd May 2019
Bloomberg reports that hedge funds are accumulating large short positions in the CBOE Volatility Index or VIX at “rates not seen in at least 15 years!”
Bank of England Refused to Return $1.2bn in Gold to Venezuela
Britain rejected Venezuela’s request to withdraw $1.2bn in gold stored in the UK, according to reports. It was enough for the self-declared and US-backed ‘president’, Juan Guaido, to support the
FCA crackdown on crypto firms: Two dozen firms are probed by City watchdog
Two dozen firms that deal with high-risk digital currencies such as Bitcoin are being probed by the City watchdog.
Carillion collapse the result of ‘recklessness, hubris and greed’, central banker labels UK economy ‘menopausal’, plus top news
MPs have labelled the ‘spectacular fall’ of collapsed contractor Carillion the result of “recklessness, hubris and greed”. A report by MPs into Carillion’s insolvency has recommended former directors be banned from serving
Bank of England Unveils a Blockchain Proof-of-Concept to Share Data
The Bank of England (BoE), Britain’s Central Bank, published a Proof-of-Concept (PoC) which analyzes the possibilities of allowing users to share data in a safe and secure network. The bank partnered with blockchain
Theresa May’s Post-Brexit Agenda Not Acceptable for London Firms
Photo: Reshef Mashraky UK financial institutions are seeking full access to both the UK and EU financial industries without requiring a license. Since the Brexit vote that shocked financial
BoE’s Governor Carney Says Bitcoin Fails as a Substitute Currency
Photo: Mark Carney The central bank is in no rush to embrace the new technology. Bank of England Governor Mark Carney sees fundamental problems with the concept of Bitcoin as
Royal Mint to Introduce Gold-Backed Cryptocurrency
Photo: Bloomberg The value of one RMG will be equal to one gram of gold. The majority of financial institutions worldwide have spoken out against the booming cryptocurrency market.
Bank of England to Beat Bitcoin with Rival Cryptocurrency Coming Out in 2018
Photo: Mark Carney A research unit is expected to report on the matter within the next 12 months, though the endgame is far With the massive surge in the popularity
