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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
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 post US Dollar: Hotter CPI And Equity Risks Provide Support, Says ING appeared on BitcoinEthereumNews.com. US Dollar: Hotter CPI And Equity Risks Provide Support, Says ING Skip to content Home Forex News US Dollar: Hotter CPI and Equity Risks Provide Support, Says ING Source: https://bitcoinworld.co.in/us-dollar-hotter-cpi-equity-risks-ing/
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
The post Hungarian Forint: Rally against Euro seen extending – ING appeared on BitcoinEthereumNews.com. ING’s Frantisek Taborsky says Central and Eastern European (CEE) FX is benefiting from positive global sentiment, with EUR/HUF breaking to new lows below 355. Markets expect Hungary’s new Prime Minister Peter Magyar to unlock EU funds and advance Euro adoption. Despite stretched long positioning, Taborsky sees the pair reaching the 350 mid-year forecast earlier, though he warns optimism could fade without concrete fiscal and EU-funds plans. CEE FX buoyed by Hungary optimism “Along with all emerging markets, CEE FX is enjoying the positive sentiment coming from the global story.” “EUR/HUF broke another record low last week, closing below 355 on Friday.” “Despite the already heavy long positioning, it seems that the market has no problem moving forward and our mid-year forecast at 350 will probably be reached earlier than we expected.” “On the other hand, the appointment of the PM itse
A potential ECB rate hike could strengthen the euro, impacting global markets and speculative assets, while geopolitical tensions add uncertainty. The post ECB’s Kocher signals potential rate hike if inflation outlook worsens appeared first on Crypto Briefing.
The post GBP/JPY Price Forecasts: Bulls are pushing towards 214.10 resistance area appeared on BitcoinEthereumNews.com. The British Pound (GBP) is drawing support from a weak Japanese Yen (JPY) on Monday, with bulls aiming for the top of last week´s trading range at the 214.00-214.25 area. The recent jump in Oil prices is hurting the Yen across the board, while the Pound shrugs off concerns about the weakness of the Labour cabinet. The Yen is suffering amid rising Oil prices after US President Donald Trump dismissed the latest peace proposal submitted by Tehran. The barrel of Brent Oil appreciated to $103.00 from lows near $97.00 last week, and the WTI trades at $94.60, up from Friday’s close at $91.30. These prices pose a serious challenge to economic growth, as Japan is a net Oil importer, and add pressure on an already strained fiscal stability through energy subsidies. The Pound, on the other hand, is shrugging off fears of political uncertainty with Prime Minister Keir Starmer ser
Labour Party unrest and potential leadership change could destabilize UK political landscape, impacting policy direction and market confidence. The post Keir Starmer faces leadership challenge amid Labour Party unrest appeared first on Crypto Briefing.
[PRESS RELEASE – London, United Kingdom, May 8th, 2026] GoBTC Pay is a protocol that lets consumers make native and instant payments on Bitcoin’s base layer. GoMining launches its own mining pool to prioritize GoBTC Pay transaction confirmation, targeting a 12-hour final on-chain settlement by the end of 2026. The launch marks a strategic expansion […]
