Bitcoin hits its lowest level since October 2017. Yahoo Finance's Julie Hyman, Adam Shapiro, Dan Roberts, and Brian Cheung discuss with The King's College professor Brian Brenberg.
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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.
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The selloff in bitcoin continues Thursday, sliding to yet another yearly low and on track for a fourth straight losing session.
Natural gas prices tumbled back to earn after rocketing higher on Wednesday. This comes following an inventory report from the Department of Energy which was in line with expectations. Rumors that hedge funds unwound a position that was long oil and short natural gas buoyed natural gas prices on short-covering but this now seems to be over. Despite the drop off, natural gas inventories are below the low end of the 5-year range, as working gas underground ended the refill season at the lowest levels since October of 2005.
Gold prices continued to rebound on Thursday, buoyed by a dip in the US dollar. Despite a stronger than expected US retail sales report, yields eased allowing the dollar to decline paving the way for higher gold prices. Inflation remains in check and came out on Wednesday in line with expectations according to date from the Labor Department.Technical Analysis
Investing.com – The dollar rose against its rivals Thursday as mostly bullish economic data reaffirmed investor expectations that the U.S. economy remains on solid footing, while a slump in the pound also lifted sentiment.
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.
Prime Minister Theresa May’s handling of Brexit is rattling her cabinet, leading to resignations from many of her Conservative Party peers since the negotiations kicked off, as lawmakers are expressing their discontent with the way things were going.
The British pound is the major story for currency traders on Thursday as it tanks against it major rivals, amid further turmoil for U.K. Prime Minister Theresa May’s Brexit plan.