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According to Bloomberg, the Bank of England's strategy to ease monetary policy was thrown into disarray by a surprising surge in UK inflation in June, which reached its highest level since the beginning of 2024.
16 July
An increase of the indicator value may contribute to the rise in quotes of GBP.
16 July
Inflation in Canada picked up in June for the first time in four months, while underlying price pressures also intensified, prompting the country's central bank to hold off on cutting interest rates later this month, Bloomberg reported.
16 July
CEO of Canary Capital says XRP ETFs may outperform other cryptocurrency funds
Canary Capital CEO Stephen McLurg predicts that XRP exchange-traded funds (ETFs) may outperform Ethereum and Solana ETFs in terms of returns. He cited XRP's unique legal status and reliable payment functionality as key advantages.
16 July
BOE's Mann: unemployment worries push British households to save money
Concerns about unemployment and rising utility bills are prompting British people to save more. Meanwhile, the country's economic growth is being held back by savings rates, which remain much higher than before the pandemic.
16 July
Bitcoin slipped more than 3%, falling below the $118,000 level, after surpassing the $123,000 mark for the first time in history the day before. The sharp fall came amid profit taking by investors who had earlier entered the market anticipating progress in regulating the crypto industry in the US.
15 July
Former Bank of Japan chief economist suggests rate hike possible as early as fall
High inflation could push the Bank of Japan (BOJ) to raise borrowing costs as early as October if trade tariff concerns ease. This was stated by former BOJ chief economist Hideo Hayakawa in a Bloomberg interview.
15 July
An increase of the indicator value may contribute to the fall in quotes of Nickel, Platinum, Palladium, Copper.
15 July
XRP rally fueled by high demand in South Korea — CryptoFrontNews
The sharp rise in XRP earlier this week caught the attention of the global cryptocurrency market. According to data cited by CryptoFrontNews, South Korean traders played a significant role in this price surge.
15 July
Rise in UK retail sales signals economic recovery — Bloomberg
According to the British Retail Consortium (BRC), total retail sales in the UK rose by 3.1% in June compared to the same period last year. The surge was partly driven by hot weather, which encouraged purchases of fans, sports equipment, and leisure items.
15 July
