[FOREX NEWS] UK revised GDP Q2 confirmed at 0.3% q/q, 1.7% y/y – GBP/USD retreats

The second estimate of UK GDP was expected to confirm the initial read of 0.3% q/q and 1.7% y/y. The level of investment was expected to rise by 0.2% and services by 0.5%. GBP/USD was bouncing from the lows, moving above 1.28 ahead of the publication. But in general, Sterling is weak. EUR/GBP is trading [...]

The post UK revised GDP Q2 confirmed at 0.3% q/q, 1.7% y/y – GBP/USD retreats appeared first on Forex Crunch.

via Forex Crunch

[FOREX NEWS] EUR/GBP at 8 year highs – levels to watch

EUR/GBP is trading around the highest levels since 2009, in the immediate aftermath of the financial crisis. The cross reflects the weakness of the pound in light of Brexit uncertainty and the resilience of the euro ahead of Draghi’s expected pre-announcement of QE tapering. 0.9237 has been the highest level seen so far in 2017. [...]

The post EUR/GBP at 8 year highs – levels to watch appeared first on Forex Crunch.

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CryptoCurrency News: Standpoint Founder: Bitcoin Asset Class Will Grow Into $2 Trillion Market

Ronnie Moas, founder of Wall St. firm Standpoint Research, has high expectations for the cryptocurrency market – and isn't shy about his predictions.

via CoinDesk