Digital currencies show mixed performance
On Friday, key crypto assets were generally mixed in Asia, with Bitcoin still demonstrating a downtrend…
Sterling is intact ahead of Brexit negotiations
On Monday, the British pound was intact ahead of the beginning of Brexit talks, with market participants also waiting for comments from a top Fed official to find out whether the greenback’s recent leap can be sustained or not.
The British pound almost stood still, keeping to $1.2777. The UK currency hardly reacted to recent news that a van ploughed into worshippers leaving a mosque in London on Monday, murdering one person and also injuring several.
The UK currency has faced rather a turbulent month, dipping to a near two-month minimum of $1.2636 on June 9 on the UK election shock, but soaring the previous week as the Bank of England approached raising rates, following a split vote in its monetary policy committee.
There’s significant uncertainty over Britain’s stance on Brexit negotiations, and some experts are cautious as for the pound’s near-term prospects.
Meanwhile, the common currency showed $1.1194, having leapt 0.5% on Friday.
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Most Asian stocks post strong revenues with Nikkei rising more than 2%
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