Pound Sterling Worst Performer of 2016 As Bitcoin Trucks On
Albeit many people expected the Pound Sterling to lose some value due to the Brexit, the results are overwhelming so far. Most people are well aware of how the Argentine Peso is not having the best time of its long life so far. The currency is plagued by inflation, and holding Pesos is not the best course of action right now. But the British Pound is having an even worse time since the Brexit. In fact, the Pound Sterling is the world’s worst-performing currency as we speak. Pound Sterling Drops Further. Albeit many people expected the Pound Sterling to lose some value due to the Brexit,....
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All of this negative news for the Pound Sterling is not sending other currencies flying upwards in value either. The US Dollar is still weakening against the Euro and the Yen. This week has not been a good one for the Pound Sterling. As it turns out, the currency continues to lose its value out of bears the Bank of England will create a stimulus package. If the Bank of England has anything to say in the matter, they will introduce further monetary easing in August of 2016. As a result, the GBP continued its weekly decline streak, losing another 3.1% this week. For the past few weeks, the....
Wimbledon organizers may need to start looking for alternative forms of value to pay the winners in the future. Wimbledon is one of the most important tennis events of the entire year. It is also one of the favorite tournaments for both men and women. Despite increasing the overall prize pool for the winners, they will earn less money as a result of the Brexit. The Pound Sterling has devalued quite a bit in recent days, affecting winner purses. Stories like these go to show how fragile the financial ecosystem is these days. Wimbledon organizers decided to increase the prize pool by 5% in....
Bitcoin (BTC) trading volumes against the British pound (GBP) surged to a new high after the Sterling wobbled on Tuesday, prompting market experts to speculate that investors scrambled to dispose of the Pound in exchange for Bitcoin or to profit from arbitrage. The British pound reached a record low against the U.S. dollar, according to data compiled by […]
Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements. The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the pound reached lows of 1 pound = $1.04. It lost 5% of its value in a spiral.The United Kingdom’s sovereign currency, the pound sterling, is the world’s oldest currency that is still in use today. It is currently clinging above USD-pound parity, since regaining $.03 cents, bouncing to 1 pound....
The pound sterling is experiencing heavy turbulence. The dollar is eating it all. Bitcoin is in a deep slumber. What a time to be alive! Things are moving and shaking in the finance world and the general population can’t do much but watch the show. And place their bets. British people recently saw the pound sterling and the euro sink to all-time lows against the dollar. A percentage of the population reacted by acquiring bitcoin, the charts show. Related Reading: Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike Another important factor is that the pound....