GBP

The British Pound is under the pump today as worries grow about the fiscal state of affairs for the UK while the US Dollar surges. Will the BoE do anything ...

All SMAs also need to have a negative gradient. Equity markets are mostly underwater as recession risks are appearing to be priced in by stock markets. [simple moving average (SMA)](https://www.dailyfx.com/education/moving-averages), the latter to be below the medium term SMA and the medium term SMA to be below the long term SMA. Gold is slightly lower, trading under US$ 1,640. [here.](https://www.dailyfx.com/economic-calendar) [ Recommended by Daniel McCarthyHow to Trade GBP/USD](https://www.dailyfx.com/free-trading-guides#forecastschoices=HOW_TO_TRADE_GBPUSD) Today, Japan’s Finance Minister Shunichi Suzuki hit the wires saying, “We’re strongly concerned about speculative moves, and there’s no change in our stance that we’ll respond as needed.” The British Pound is trading at levels not seen since the Bretton Woods monetary system was abandoned in 1972. [Chart created in TradingView](https://www.tradingview.com/symbols/GBPUSD/?exchange=FX_IDC) [Euro](https://www.dailyfx.com/eur). [bought USD/JPY](https://www.dailyfx.com/news/japanese-yen-slips-against-us-dollar-as-intervention-might-be-tested-where-to-for-usd-jpy-20220926.html) for the first time in 24-years. [USD](https://www.dailyfx.com/usd)? [British Pound](https://www.dailyfx.com/gbp), [GBP/USD](https://www.dailyfx.com/gbp-usd), [US Dollar](https://www.dailyfx.com/us-dollar-index), [USD/JPY](https://www.dailyfx.com/usd-jpy), [Crude Oil](https://www.dailyfx.com/crude-oil), [Gold](https://www.dailyfx.com/gold-price) - Talking Points

CME Group had to halt GBP futures trading as a result of the flash crash. Two primary factors for this unexpected move are attributed to a combination of a ...

Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. This in addition to the macroeconomic backdrop for England, especially around its current recessionary theme, slow growth & high inflation rate, will further widen the gap, causing significant and continued weakness in the currency pair. This is what we saw with the CME group. The last time cable was this low was in 1985. Flash crashes are abnormal movements in the market where there is heavy selling of securities by high-frequency trading firms/systems.

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.

Due to the pound devaluing, all cryptocurrency tokens appear to rise in value in Cobie’s home country, the United Kingdom. Inflation in the United Kingdom is at record levels for the century, [hitting double digits last month](https://cointelegraph.com/news/uk-hits-double-digit-inflation-for-the-first-time-in-40-years) for the first time in 40 years. [announced](https://www.gov.uk/government/news/chancellor-announces-new-growth-plan-with-biggest-package-of-tax-cuts-in-generations). In numbers, Bitcoin is down 50% against the pound this year but up 2% today and 9% over the past week. In a tweet, Angel Raynor criticized the Conservative Party or 'Tories,' blaming their management of the economy for the fall in the pound. The pound has been on a steady decline against the USD since 2007 and the subsequent financial crisis.

The Pound (GBP) wavered higher against the Euro (EUR) through the first half of last week, as expectations of a 75-bp interest rate rise from the Bank of ...

We expect the BoE to intervene in some way this week. If the bank announces an emergency rate rise to shore up Sterling, GBP/EUR could regain some ground. Such a reading would likely boost European Central Bank (ECB) rate rise bets, thereby supporting the single currency. You can see the expectations rising literally by the minute… Investors are now better on UK interest rates topping 6 per cent by the first half of next year. Kwarteng unveiled £45bn of unfunded tax cuts – the largest tax-cutting event in 50 years.

The British pound crashed to a record low against the US dollar on Monday on growing fears about the stability of UK government finances.

for the first time since 1998 to prop up the yen when it hit 145. That should make it more costly to buy foreign currencies via derivatives, which might slow the pace of the yuan's decline. "Should there be any escalation to the war in Ukraine ... Last Thursday, the Japanese central bank [SHCOMP](https://money.cnn.com/data/world_markets/se_composite/?source=story_quote_link)) It has lost nearly 21% so far this year, compared with a fall of 15% in the euro. The offshore yuan fell 0.4%. [N225](https://money.cnn.com/data/world_markets/nikkei225/?source=story_quote_link)) [KOSPI](https://money.cnn.com/data/world_markets/kospi/?source=story_quote_link)) [intervened in the currency market](https://edition.cnn.com/2022/09/22/investing/japan-yen-intervention/index.html) Investors are monitoring what would be the most far-right government since the fascist era of Benito Mussolini, which has raised concerns about cohesion within the European Union. [sold off on Friday](https://edition.cnn.com/2022/09/23/investing/dow-stock-market-today/index.html)