The FTSE 100 declined as investors awaited a crucial U.S. jobs report that could shape the Federal Reserve’s upcoming interest rate decisions.
Bitcoin rebounded from a two-week low with a 3.2% recovery but faces a hard month ahead
Bitcoin rebounded from a two-week low with a 3.2% recovery, pushing the benchmark cryptocurrency above $59,100 on Monday.
Footsie Ends the week on a High as Global Markets Rally
The FTSE 100 closed higher, buoyed by positive global market sentiment following comments from Jerome Powell.
The FTSE 100 rallies into the weekend as market sentiment improves.
The FTSE 100 continued its upward trend on Friday, driven by a broad rally across cyclical sectors such as miners, housebuilders, and retailers. Defensive stocks also saw gains, with Unilever
JP Morgan predicts that the FTSE 100 will emerge as the ‘winner’ amidst the stock market turmoil.
The FTSE 100 is set to end the week more robustly than the US, as Britain’s leading stock index becomes a safe haven amid global market turmoil.
The pound is on course for its steepest losses in nearly a year due to fears of a U.S. recession.
The pound is on track for its longest losing streak in nearly a year as concerns about a potential U.S. recession re-emerge in financial markets.
Bitcoin in recovery mode after the previous day’s wipeout
Bitcoin was in recovery mode on Tuesday after plummeting to a six-month low of $49,000 on Monday.
FTSE 100 rebounds after recession fears wipe £40bn off the index
The FTSE 100 joined the broader market rebound a day after recession fears in the United States triggered a brutal sell-off.
Bitcoin is down more than 16% in the past 24 hours.
Bitcoin plummeted amid a global market sell-off, which has heavily impacted the technology sector.
Bank of England Lowers Interest Rates for the First Time in Four Years
The Bank of England has cut interest rates for the first time in four years, providing relief to mortgage borrowers facing higher living costs.
The Bank of England rate decision tomorrow is expected to “be very close” says UBS
The Bank of England’s decision tomorrow is anticipated to be “very close,” according to UBS, which predicts a 5-4 vote in favour of the first-rate cut of the cycle.
Bitcoin Jumps After Trump Vows to Make US the World’s ‘Crypto Capital’
The bitcoin price has risen to its highest level since mid-June after Donald Trump indicated his intention to make the US the “crypto capital of the planet” if elected in