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The post British Pound drops vs JPY on intervention fears, UK political turmoil appeared on BitcoinEthereumNews.com. The GBP/JPY cross struggles to capitalize on the previous day’s bounce from the 100-day Simple Moving Average (SMA) and attracts heavy intraday selling on Tuesday. Spot prices maintain an offered tone through the early part of the European session and currently trade around the 213.00 mark, down over 0.40% for the day. The Japanese Yen (JPY) strengthens across the board after US Treasury Secretary Scott Bessent confirmed through a post on X that the US and Japan took some actions together against excessive volatility in currency markets. The comments fueled fresh speculations that authorities will step in again to stem further weakness in the JPY, which turns out to be a key factor exerting pressure on the GBP/JPY cross. Meanwhile, the summary of Opinions from the Bank of Japan’s (BoJ) April meeting left the door open for an imminent interest rate hike. This helps offset
Read full articleLabour's electoral setbacks could reshape UK political dynamics, potentially leading to leadership changes and impacting future policy directions. The post Keir Starmer faces calls to resign after Labour’s local election losses appeared first on Crypto Briefing.
The US-Iran stalemate risks escalating oil prices, impacting global markets and heightening geopolitical tensions in the Middle East. The post US-Iran diplomatic impasse heightens Strait of Hormuz oil supply concerns appeared first on Crypto Briefing.
Integrating PayPal with crypto purchases could significantly enhance user trust and accessibility, potentially accelerating mainstream adoption. The post Paybis brings PayPal payments to US crypto buyers in bid to boost adoption appeared first on Crypto Briefing.
The sustained blockade and sanctions may exacerbate regional tensions, hinder diplomatic resolutions, and impact global economic stability. The post US maintains Hormuz blockade, tightens sanctions on Iran-linked firms appeared first on Crypto Briefing.
Increased US-Iran tensions reduce nuclear deal prospects, heightening geopolitical instability and potential for further military actions. The post Trump says US strikes severely weakened Iran’s military leadership appeared first on Crypto Briefing.
Escalating US military actions could destabilize Iran's regime, impacting regional security and potentially altering global diplomatic dynamics. The post US plans military escalation in Iran amid high tensions: Hegseth appeared first on Crypto Briefing.
The post British Pound: Political risk premium builds against Euro – ING appeared on BitcoinEthereumNews.com. ING’s Francesco Pesole highlights rising political uncertainty in the United Kingdom (UK) as calls grow for Prime Minister Keir Starmer’s resignation, with betting markets seeing a high chance he leaves office this year. He notes emerging political risk premium in EUR/GBP and warns sterling could face further pressure as markets assess leadership contenders and fiscal-rule credibility. Sterling pressured by UK political turmoil “The pound started coming under pressure yesterday afternoon (after a strong session) as calls for Starmer’s resignation intensified. For the first time in a long time, some political risk premium seems to be emerging in EUR/GBP.” “That is, however, still small according to our model, around 0.3% short-term overvaluation.” “The pound has plenty of additional room to build a negative premium, with markets likely to shift their focus to which candidate hol
The closure of the Strait of Hormuz exacerbates global economic disruptions and heightens geopolitical tensions, threatening regional stability. The post Iran closes Strait of Hormuz amid US-Israel conflict escalation appeared first on Crypto Briefing.
