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Bitcoin’s Blockbuster Week In Charts

Bitcoin’s Blockbuster Week In Charts

Bitcoin broke through $1,800 to a fresh record high on Thursday, and has gained more than $200 this week alone, driven by a huge jump in demand from around the world. The digital currency started off the week at around $1,555 per coin, then breached $1,700 for the first time on Tuesday before carrying on […]

Nigeria Identified Among Top Global Investment Destinations For 2018

Nigeria Identified Among Top Global Investment Destinations For 2018

Nigeria has been identified as one of the top five countries for 2018 growth acceleration. Other countries in the group include Kuwait, Oman, Kazakhstan and Tunisia. The Global Chief Economist at Renaissance Capital, Charles Robertson, who made this forecast in a report titled: “Africa 2017,” urged investors to take advantage of the opportunities in these […]

Pound To Dollar Recovers After Data Shows Dip In US Inflation

Pound To Dollar Recovers After Data Shows Dip In US Inflation

The Pound Sterling to Dollar recovered on Friday after the release of US Inflation and Retail Sales data undershot expectations and raised questions about the strength of the US recovery. Whilst headline inflation came out in line with expectations, the arguably more important, Core inflation increased by a lower-than-expected 0.1% in April and 1.9% on […]

Bank Of England Lowers 2017 Growth Forecast, Leaves Rates Unchanged

Bank Of England Lowers 2017 Growth Forecast, Leaves Rates Unchanged

The Bank of England held interest rates steady at 0.25 percent, as expected, on Thursday while implementing some widely anticipated modifications to its growth and inflation assumptions over the three-year forecast horizon. Meantime, the Bank maintained stock levels of government bonds and corporate bonds at £435 billion and £10 billion, respectively, also as expected. Governor […]

Pound Again Falls As BOE Says Hikes Depend On Smooth Brexit

Pound Again Falls As BOE Says Hikes Depend On Smooth Brexit

The pound fell the most in a month after the Bank of England voted to keep rates unchanged by a 7-1 vote, an outcome that disappointed those betting the ranks of dissension would grow. Sterling traded at its lowest level in a week after policy makers left rates at 0.25 percent, a decision forecast by […]

Bitcoin Adds $3 Billion Four Days In Market Cap, Crosses $1,800 For The First Time

Bitcoin Adds $3 Billion Four Days In Market Cap, Crosses $1,800 For The First Time

Bitcoin surpassed $1,800 on Thursday to a fresh record high, rising more than $100 in just two days, driven by comments from policy makers and positive noises around the future of the cryptocurrency. The price of the digital currency was trading at around $1,824 by early morning in London, according to Coindesk’s bitcoin price index. It […]

Bank of England Warns Brexit Will Weaken Incomes For Years

Bank of England Warns Brexit Will Weaken Incomes For Years

The Bank of England, BOE, has warned that Brexit will weaken incomes for years as new UK data suggests firms are already holding back on investment. In its latest assessment of the U.K. economy, the Bank of England (BOE) kept interest rates on hold and warned that a squeeze on households could intensify with inflation […]

Singapore Forex Reserves Hit $260.7bn In April

Singapore Forex Reserves Hit $260.7bn In April

The Monetary Authority of Singapore (MAS) on Monday issued the following foreign reserves data for April. April March February Official foreign reserves 260.7 259.6 253.3 (US$ bln) Official reserves (S$ bln) 364.4 362.8 354.2 of which gold and forex 361.7 360.1 351.5 For detailed reserves data, see the Monetary Authority of Singapore’s website: www.mas.gov.sg

Forex: Euro Reverses After Hitting 6-month High

Forex: Euro Reverses After Hitting 6-month High

The euro retreated on Monday from highs hit on centrist Emmanuel Macron’s victory in France’s presidential election, with investors taking profit on a roughly 3 percent gain for the currency since he won the first round two weeks ago. Macron’s resounding defeat of nationalist Marine Le Pen has relieved investors who had feared another populist […]

Bitcoin Hits $1,600 For The First Time

Bitcoin Hits $1,600 For The First Time

In the last 30 days, bitcoin has risen over 33 percent. Bitcoin is “fully valued” and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months. The cryptocurrency has been on […]

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