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Bank of England warns pound would crash 25% in no-deal Brexit
(The Peninsula - 29/11/2018)

The Bank of England on Wednesday warned a no-deal Brexit would trigger a financial crisis in Britain, causing the pound to plunge by 25 percent. The central bank also said in a report that such a scenario could mean a gross domestic product shortfall of

Bitcoin falls further below $4,000; Crypto continues plunge
(The Peninsula - 26/11/2018)

The great crypto crash of 2018 plunged deeper over the weekend. Bitcoin slid another 4.5 percent to $3,635 at midnight Sunday in New York, according to Bitstamp. It recouped most of the losses by 7:50 a.m. but remains in the red. It’s lost 33 percent in

Pound regains ground as Brexit storm rages
(Gulf News - 18/11/2018)

The pound rebounded against the dollar on Friday, a day after a severe shellacking, as some investors were willing to bet on British Prime Minister Theresa May getting a controversial Brexit draft deal through parliament, dealers said.<br/><br/> Even as

Pound volatility surges as traders look to next Brexit hurdle
(Gulf News - 15/11/2018)

Volatility in the pound jumped as traders looked ahead to the next hurdle on the Brexit path even if a draft deal is signed off by Prime Minister Theresa May’s senior ministers.<br/><br/> Overnight volatility in the pound against the dollar climbed to

Dollar hits 16-month high; Brexit fears knock sterling
(Gulf News - 13/11/2018)

The dollar rallied to a 16-month high on Monday as investors positioned for a Federal Reserve interest rate rise next month and concern about political risks in Europe put pressure on the euro and the pound.<br/><br/> The dollar fell last week on the

Pound sceptics turn believers
(Gulf News - 11/11/2018)

Even fund managers who were once shunning the pound are now betting on a rally as the UK inches toward a Brexit divorce deal. Allianz Global Investors, which has been consistently short the pound since the referendum in 2016, has switched to multiple

Markets to shrug off yuan breaking 7, says China fund manager
(Gulf Times - 05/11/2018)

A top-performing China bond fund manager says markets won’t be roiled even if the yuan weakens past 7 per dollar by year end as the country’s monetary policy increasingly diverges from the US.<br/><br/> Bryan Collins, head of Asian fixed income at

Indian rupee nears 74 per dollar as rift between govt, RBI widens
(Gulf News - 01/11/2018)

The infighting between India’s central bank and federal government has had a collateral damage on an already ailing rupee. Indian rupee resumed its downward slide on Wednesday on reports that the Reserve Bank of India’s governor Urijit Patel made calls

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