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 goes up versus red market
On Friday, versus all odds, Bitcoin proceeded with its surge in Asia and the cryptocurrency market generally stayed in the red.
As a matter of fact, Bitcoin surged by up to 3.95% ending up with $6,311.6 having hit the major $6,000 mark yesterday. It appears to be the strongest momentum the number one crypto asset garnered since the beginning of 2019.
As for other crypto assets, they headed south. Eventually, Ethereum decreased by about 0.17% ending up with $171.18. As for XRP, it slumped by 2.24% reaching $0.29385. Additionally, Litecoin decreased by 2.48% showing $73.415.
However, due to Bitcoin, the overall market capitalization managed to tack on to $190.4 billion from yesterday’s outcome of $188.7 billion.
Additionally, Facebook was still in focus among the crypto investors. It has been recently informed that Facebook could come up with its own crypto asset already next quarter.
The newswire actually referred to an anonymous source, telling that in Facebook’s team responsible for the blockchain project, approximately one fifth of the members is utilized to work at PayPal. Moreover, it added that it signifies the social media giant’s ambition to have payments integrated into its platform.
As follows from that report, the social media giant is actually testing regular payments via a product dubbed WhatsApp Pay.
In addition to this, Facebook is already working on its own stablecoin pegged to the evergreen buck. The social media giant is told to be in talks with financial businesses as well as e-commerce players, including MasterCard and Visa.
Facebook’s attitude towards crypto assets has receded lately. Facebook announced On Thursday, it told it would soften its advertising ban on businesses promoting services and products having to do with crypto assets.
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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.
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