UK MARKET NEWS UK average private rents rose by 8.7% in the 12 months to January 2025. UK 3-year gilt yield stands at 4.294%, down from the previous 4.384%. UK 3-year gilt bid-to-cover ratio is 3.09, slightly down from 3.2. UK sold £4.25 billion
Ripple's XRP price dropped by 3% on Tuesday. The SEC acknowledged Bitwise's XRP ETF filing. Unchained Crypto warned that an XRP ETF might not perform well. The reason for potential underperformance is key fundamental issues.
Bitcoin Price Drops: Bitcoin is losing value, continuing its downward trend. CME Premium Declines: A report from K33 Research shows that the price difference between Bitcoin on CME (a major exchange) and other markets is shrinking. Lower Yields: Bitcoin-related returns and profits are also decreasing. $2 Billion Investment: A company
UK CPI INFLATION JUMPS TO 3% IN JANUARY, ABOVE EXPECTATIONS UK annual CPI rose 3% in January, above the 2.8% forecast. Monthly CPI declined by -0.1%, better than the anticipated -0.3%. GBP/USD holds above 1.2600 after the CPI data release. Inflation remains well above the
NZD/USD moved higher above 0.5700 on Wednesday. The Reserve Bank of New Zealand (RBNZ) cut interest rates by 50 basis points to 3.75% in February. Signals of more rate cuts earlier caused the New Zealand dollar (Kiwi) to weaken. However, the currency rebounded after RBNZ Governor Orr
The EUR/USD pair is rising slightly, trading near 1.0450. The US Dollar is getting weaker, helping the Euro gain. However, concerns about tariffs and the Russia-Ukraine conflict may strengthen the US Dollar. This could limit further gains for the EUR/USD pair.
The Japanese Yen (JPY) is weakening after reaching a one-week high against the US Dollar. Investors expect the Bank of Japan (BoJ) to raise interest rates this year, which may prevent the JPY from falling too much. The gap between US and Japanese interest rates is shrinking, which could help
BITCOIN, ETHEREUM, AND RIPPLE FACE PRESSURE AMID FTX REPAYMENTS Bitcoin (BTC) consolidating between $94,000 and $100,000 for two weeks. Ethereum (ETH) trading around $2,390, down 2.63% on the previous day. Ripple (XRP) extending its decline after resistance around $2.72 earlier this week. Price pressure due
PBOC SETS USD/CNY REFERENCE RATE LOWER THAN EXPECTED PBOC sets USD/CNY reference rate at 7.1705 for today. The reference rate is lower than the estimated 7.2807. PBOC manages yuan value within a 2% band around the daily reference rate. The central bank's action guides
RESERVE BANK OF NEW ZEALAND CUTS RATES AGAIN AND SIGNALS MORE EASING Reserve Bank of New Zealand cuts interest rates by 50 basis points. This marks the third consecutive rate cut. The central bank signals more rate easing in upcoming meetings.
UK CPI EXPECTED TO RISE SHARPLY, CHALLENGING BOE’S RATE CUT PATH UK Consumer Price Index (CPI) for January to be released Wednesday at 07:00 GMT. Annual CPI expected to rise to 2.8% in January, up from 2.5% in December. Core CPI, excluding energy, food, alcohol, and
BOJ POLICY MEMBER TAKATA DISCUSSES MONETARY POLICY AND ECONOMIC OUTLOOK Japan’s real interest rates remain deeply negative, with no change in accommodative monetary policy. Further rate hikes may be needed if the economy follows BoJ’s forecasts. BoJ aims for a gradual policy shift to avoid upside price risks.