Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

UK average earnings jump to 9-year high

Economies.com
2019-09-10 08:46AM UTC

At 08:30 GMT, the British economy released it reading for the average earnings index 3m/y, which rose by 4.0%, its highest level since April 2010, higher than forecasts of 3.7%, and higher than the previous reading of 3.8% after it was revised from 3.7%, this statement is positive for pound sterling.

British Jobless Claims rise less than expected - August

Economies.com
2019-09-10 08:44AM UTC

At 08:30 GMT, the British economy released it reading for the Claimant Count Change for August, which increased by 28.2 thousand, lower than forecasts of 29.3 thousand, while the previous reading was revised to 19.8 thousand from 28.0 thousand, this statement is positive for pound sterling.

UK unemployment rate falls unexpectedly

Economies.com
2019-09-10 08:43AM UTC

At 08:30 GMT, the British economy released it reading for the unemployment rate at 3.8% for the three months that ended in July, better than the forecasts and the previous reading of 3.9%, this statement is positive for the British economy.

Bitcoin falls for third day as demand slows

Economies.com
2019-09-10 08:41AM UTC

Bitcoin fell in spot trading today, for the third consecutive day, heading to give up the $10,000 barrier, as demand slowed, which is reflected in the decline of the currency's lead over the market's trading from the highest level in two and a half years.

 

At Bitstamp, Bitcoin fell by 0.8% or $84%, to $10,233, from the opening of $10,317, with a high of $10,390.

 

Yesterday, Bitcoin shed 0.9%, its second consecutive daily loss, and hit a 1-week low of $10,060.

 

The total market cap of cryptocurrencies fell by $1 billion today, to $264 billion, with most of the major cryptos falling led by Bitcoin.

 

While Bitcoin is currently heading to give up the $10,000 barrier, as demand slowed, which appears in the decline of the currency's lead over the market's trading, from the highest in two and a half year.

 

Bitcoin's lead over the market's trading reached 69.5%, below its highest level in two and a half years at 71.25% reached earlier in the week.

 

This reflects that the market participants are not very optimistic before the official launch of the Bakkt Bitcoin futures platform, which will start on September 23rd.

 

Compared to the launch of the CME Bitcoin futures trading platform in December 2017, the crypto market rose strongly, and Bitcoin hit an all-time high near $20,000.

 

While market's experts see that after the official launch of Bakkt both bulls and bears will try to prove their superiority, which will lead to increased volatility in prices.

 

Chairman of the US US Securities and Exchange Commission, Jay Clayton, said that despite important steps taken to address regulatory concerns about the Bitcoin ETF, there is still work to be done, As the final decision by the SEC on the offering of Bitcoin ETFs submitted by several companies is scheduled for next October.