At the beginning of 2023, analysts changed their forecasts about the long-term future of the US dollar against the other major currencies. But the pound sterling is the latest to join the party. Let's try to figure out why the GBP faces such pressure and what's going on with the … [Read more...]
GBP/USD: double-trouble for a double-decker
In 2022, ‘pound’ is even more of a bad word than ‘soccer’ in Great Britain. British currency showed the worst result in history in relation to the US dollar – at the end of September, it dropped to $1.03. After that, the currency recovered slightly, but still it doesn’t look … [Read more...]
Who Determines The Cryptocurrency Exchange Rate?
Bitcoin (BTC) is the first Cryptocurrency created by Satoshi Nakamoto in 2009. Since then, there has been no going back. In fact, among all Cryptocurrencies, Bitcoin has the most market capital. In addition, it is the most popular Cryptocurrency ever. However, trading … [Read more...]
5 Reasons why International Trade News Matters for Foreign Exchange Rates
Why stay in tune? There are many reasons why it is important to stay in tune with international trade news. Usually, the balance of trade influences the currency exchange rates through the effect on supply and demand for general foreign exchange. If a country’s trade account … [Read more...]
Should you Trade Solana to USD in 2022?
Many experts agree that 2022 could be a turning point not only for individual cryptocurrencies, but for the industry as a whole. Society is already almost ready to accept cryptocurrencies, and as cryptography is introduced into everyday life, the market will change. In 2022, … [Read more...]