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#GBPUSD
brexit
EUR/GBP hits 11-month low

The euro-pound currency pair hits its lowest since March 2020, while the US dollar steadied from its recent ascent after higher-than-expected jobless claims data. Bitcoin pulled back while gold lingered near multi-month lows.

bitcoin_low
Bitcoin pops after drop under $30k

Numerous Fed speakers, including Fed Chair Powell walked back some of the hawkishness of last week’s FOMC meeting and pushed the US dollar lower. Brent crude oil hit $75 for the first time in 2 years.

big_ben_UK
GBP/USD: Bank of England

The dollar retraced some of Tuesday’s gains on Wednesday after Treasury Secretary Yellen back-peddled on her talk of a rate hike. European stocks saw big gains. Today is ‘Super Thursday’ from the Bank of England.

dow_jones
Dow hits intraday record high

The Dow Jones hit a fresh intraday record high on Monday, while tech stocks dragged the Nasdaq index into correction territory, down 10% from its high. The dollar gained as Treasury yields rose and the gold price fell again.

compass
S&P 500 drops 2%, ends off low

Stock markets rebounded from heavy early losses to finish the day mixed amid uncertainty over a new strain of the coronavirus in the UK as well as a volatile first day for Tesla in the S&P 500.

big_ben_UK
GBP/USD tops $1.40

The British pound reached above $1.40 on Friday. Bitcoin’s market cap topped $1 trillion for the first time. The Tesla investment in Bitcoin is already worth more than its 2020 car sales. US indices closed the week lower after hitting record highs.