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Day: March 11, 2019

Facebook’s cryptocurrency could be a $19 billion revenue opportunity, Barclays says

One Wall Street firm sees major upside for Facebook if its secretive cryptocurrency plan works out. The social network is reportedly developing a cryptocurrency that could be part of a multibillion-dollar revenue opportunity, Barclays internet analyst Ross Sandler said in a note to clients Monday. Sandler forecasted as much as $19 billion in additional revenue …

Facebook’s cryptocurrency could be a $19 billion revenue opportunity, Barclays saysRead More

British Pound Gains Ground ahead of Crucial Parliament Vote

GBP/USD has posted considerable gains on Monday, erasing the losses seen on Friday. In North American trade, the pair is trading at 1.3094, up 0.60% on the day. Earlier on Monday, the pair touched a low of 1.2961, its lowest level since February 19. In economic news, there are no British indicators. In the U.S., …

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GBPUSD – Pound Rises Further on Short Covering

Cable ticked higher and pressures 1.31 barrier in early US trading on Monday, as traders took profits from short positions and re-positioning for fresh weakness in anticipation of another defeat of UK PM May on tomorrow’s important parliamentary vote on her Brexit plan. May is due to travel to Strasbourg this afternoon in last attempts …

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Sterling Recovers Awaiting Brexit Clarify, Dollar Shrugs Retail Sales Data

Risk markets attempt to recover today but lacks clear momentum. Nonetheless, that’s enough to send Swiss Franc generally lower. At the time of writing, Canadian Dollar is the second weakest. Dollar follows as third weakest despite better than expected retail sales. Sterling on the other hand recovers broadly after being pressured earlier today. The Pound …

Sterling Recovers Awaiting Brexit Clarify, Dollar Shrugs Retail Sales DataRead More