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Bitcoin prices are trading marginally higher on Friday, but set to book its second consecutive losing week after the recent rout.
It’s hard to imagine a more chaotic run-up to Britain’s exit from the European Union. Here’s why investors can’t ignore it.
Currency markets are muted early Friday, recovering from a tumultuous previous trading day that saw the British pound in its worst one-day performance in more than two years though uncertainties over Brexit remain.
Investing.com - Sterling rallied on Friday, despite concerns over Brexit and the resignation of key officials in Prime Minister Theresa May’s government.GBP/USD rose 0.34% to 1.2818 as of 5:37 AM ET (10:37 GMT), after slumping to 1.2739 on Thursday after Brexit minister Dominic Raab resigned.Raad said he could not support the prime minister’s support terms of the the draft.Meanwhile at least 16 members of the Conservative Party have called for a vote of no confidence in May, increasing the chance of the country leaving the European Union in March without a deal. ...
Gold prices were higher on Friday as investors moved to risk-averse assets amid Brexit turmoil and trade war concerns. Comex gold futures for December delivery increased 1.43% to $1,216.30 a troy ounce as of 5:04 AM ET (10:04 GMT). Uncertainty over Prime Minister Theresa May’s proposed Brexit deal lingered after Brexit minister Dominic Raab resigned on Thursday.
Euro zone inflation rose in October at its fastest pace in nearly six years, driven by energy prices, the European Union statistics agency said on Friday, confirming its earlier estimate. The core inflation measure which excludes energy and food was revised down. Eurostat said that consumer prices in the 19 countries sharing the euro rose 2.2 percent year-on-year in October after a 2.1 percent increase in September and a 2.0 percent gain in August.
Investing.com - Major cryptocurrencies bounced back on Friday morning in Asia after a two-day sell-off that drove Bitcoin to a one-year-low.
Investing.com - Gold prices remained flat on Thursday. Brexit fears took centre stage after UK Brexit Minister Dominic Raab resigned, adding to uncertainty over whether Prime Minister Theresa May's proposed Brexit deal will win parliamentary approval.
Key ministers are quitting Theresa May’s cabinet over her Brexit deal, and that’s driving down the pound. Yahoo Finance’s Alanna Petroff has details from London.