BoE Governor Andrew Bailey criticized at a “Stop Scam” conference that’s cryptocurrencies created an “opportunity for the downright criminal.” He asked, “what do people committing ransom attacks usually demand payment in? The answer is crypto.” He also lamented that cryptocurrency users act as though national rules do not apply to them. “Some crypto enthusiasts say they […]
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I view the probabilities of downside and upside risks to inflation as broadly balanced. But at this point I am more worried about the possible consequences if the upside materialised, as this could require a Read more…
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent Read more…
Gold switches to loses before reaching all-time high A consolidation phase likely in the short-term Gold felt Monday’s blues, retreating immediately toward its 20-day simple moving average (SMA) at 2,670 after five consecutive winning days. Read more…