The BOE meeting: a ray of hope for the GBP?
The Bank of England will release its monetary policy summary and announce the interest rate on September 19, at 14:00 MT time.
Bitcoin declines on Goldman Sachs’ remark
On Friday, Bitcoin managed to gain ground, although it was still in the red because Goldman Sachs debunked reports that it had left its crypto trading desk intact.
On the Bitfinex exchange, Bitcoin headed south to $6,441.10.
Crypto assets in general ascended, with the crypto market cap of the overall market capitalization hitting $202 billion in contrast with Wednesday’s outcome of $239 billion.
The number two crypto alternative by market cap, Ethereum headed south by 4.16% coming up with an outcome of $220.59. In addition to this, the number three digital coin by market cap, XRP managed to gain 0.76% demonstrating $0.29166. Litecoin came up with a reading of $56.22, jumping by 0.14%.
On Friday, Marty Chavez, Goldman Sachs Chief Financial Officer told that the financial giant had gave up an idea to have a bitcoin trading desk launched.
Delivering a speech at a TechCrunch Disrupt conference, Marty Chavez told that the company is currently concerned with finding new ways to offer the most popular crypto coin, including even non-deliverable forwards.
Marty told that these happen to be derivatives over the counter derivatives, and they’re going to be settled exactly in American dollars, while the reference price will be set by several crypto exchanges. It will be the same as what’s actually referenced in the futures contracts. The representative added that the company is currently working on what many folks want to be real – physical Bitcoin.
According to some sources, Goldman Sachs postponed its plans to have a trading desk started because of the regulatory fears. Instead, the company would concentrate on other projects, including holding crypto assets on behalf of large fund customers. However, the company added that it might get back to the idea of a trading desk later.
As a matter of fact, Bitcoin sank to $6,375.10 after the news.
Similar
The market awaits the Fed decision
The Federal Open Market Committee will publish its statement and announce an official rate on September 18, at 21:00 MT time.
Market updates on September 12
ECB meeting is on the agenda. Will the EUR get weaker?
Latest news
Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
Deposit with your local payment systems
