Most investors don’t know what to make of bitcoin. But the best brains see the potential and are flocking to this new asset class, argues Charlie Morris.
The Canadian dollar, nicknamed the loonie, has leapt to a two-year high around $1.21 against its US counterpart as a result of Canada’s robust eocnomy and higher interest rates.
One of the upsides of the Brexit vote was supposed to be that the slide in sterling would help rebalance the economy. It hasn’t worked out that way, yet, but it’s too soon to give up.
The pound has slid to its lowest level against the euro since 2009. But forex markets are notorious for overshooting and then snapping back quickly.
As the US dollar weakens, it pays to understand why it was so strong in the first place – and what’s changed, says Sean Corrigan of Cantillon Consulting.
You may have steered clear of bitcoin, believing the digital currency to be in a bubble. But as Matthew Lynn explains, that doesn’t mean you won’t get burned.
The South Sea Bubble of 1720 arose out of an innovation in finance. Is blockchain heading down the same path, asks John Stepek.
Anyone visiting the continent this summer will have been in for a rude shock at the cash till, says Dominic Frisby. But the pound won’t stay down forever.
There’s no doubt bitcoin is a bubble. But fear of missing out is trumping the fear of losing money. The top could be a long way off yet, says Dominic Frisby.
The US dollar matters. And it has reached a turning point, says John Stepek. Where it goes next could shape the markets for months to come.
The mania in cryptocurrencies is one more proof of the prevalence today of financial naivety.