Latest news with #BritishPound
Globe and Mail
5 days ago
- Business
- Globe and Mail
September British Pound Futures: How to Trade Stagflation Threats and the Moody's Debt Downgrade
September British pound futures (B6U25) present a buying opportunity on more price strength. See on the daily bar chart for the September British pound futures that prices are trending higher and have just hit a three-week high. The bulls have the solid near-term technical advantage to suggest still more price upside in the near term. Fundamentally, the United Kingdom's economy is healthy, overall, and the U.K. and the U.S. are on better trading terms than is the case with the U.S. with most other countries. Meantime, the U.S. economy has also shown some strength but the recent downgrade of U.S. debt by Moody's reminds currency traders of the high U.S. debt burden and fiscal problems. There are also increasing worries of inflation or even stagflation for the U.S. economy in the coming months. A move in the September British pound futures above chart resistance at this week's high of 1.3600 would become a buying opportunity. The upside price objective would be 1.4200, or above. Technical support, for which to place a protective sell stop just below, is located at 1.3350. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.
CNBC
7 days ago
- Business
- CNBC
Investors focusing on ways to play a slowdown in consumer spending as tariff impact begins
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for ways to play the tariff uncertainty. Also a look into the quantum computing space with a start-up with high profile customers like Nvidia and JPMorgan. Worldwide Exchange Pick: TJX Nimrit Kang of NorthStar Asset management said off-price retailer TJX is a smart way to play the tariff uncertainty and a potential slowdown in consumer spending. "The consumer is feeling the pain, the consumer across every single demographic across every household level is continuing to look for value, that's where a model like TJX really shines," said Kang on Worldwide Exchange. On Monday, Jim Cramer called TJX an 'anomaly' and a 'bargain'. JPMorgan raised its price target for the discount retailer to $145 from $130 on Monday as well. Insight into quantum computing Dr. Rajeeb Hazra CEO of Quantinuum, a spin-off from Honeywell says there are enterprise uses for quantum computing technology today for its customers like Nvidia, JPMorgan and BMW. "Quantum computers generate data about processes that are commonplace, but we cannot model them very effectively with classic compute. What it does is it takes generative AI, this tremendous engine, and gives it the training that it needs to solve problems from discovering a new material, whether it's discovering a new drug , whether it is actually coming up with a solution to an optimization problem," said Hazra on Worldwide Exchange. Quantinuum is a private company with a roughly $5 billion valuation, however quantum stocks have outperformed the market over the last month. Trading the Tariff Uncertainty Malcom Ethridge of Capital Area Planning Group says he's trimming investments in consumer focused stocks. "I prefer to own things that are based on business spend and enterprise spend versus relying on the consumer. A company who buys from Microsoft or Alphabet is going to be much more long term focused and less reactive to tariffs," Ethridge said to CNBC. He added he would look to take profits on a stock like Walmart that has seen strong gains in 2025 and is dependent on consumer spending. Watching the Dollar The Dollar index has fallen more than 5% since April 2 tariffs were announced. Phil Streible of Blue Line Futures says the so-called 'Sell America' trade remains in place in the currency market. "We see great strength in the Euro, the British Pound, Swiss Franc and even the Australian dollar is starting to perform to the upside, it seems there is a lot of repatriation going on where you are seeing other economies doing well from a weaker dollar," Streible said to CNBC.
Zawya
22-05-2025
- Business
- Zawya
Pound holds near three-year high on trade optimism
The British pound dipped slightly against the dollar but remained close to its highest level since 2022 reached the day before as hot inflation and improving relations with Europe and the U.S. continued to support the currency. The pound was last down 0.1% against the dollar at $1.3399, having touched a high of $1.3468 on Wednesday, its strongest level in over three years. Britain has recently looked to improve relations with the U.S. and the European Union, becoming the first nation to sign a deal with the U.S. after President Trump's reciprocal tariffs, and agreeing its biggest reset of trade and defence ties with the EU since Brexit this week. "The trade deals are generally good news for the pound," said ING FX strategist Francesco Pesole. "We still think the pound is in a pretty good position." Sterling was up 0.1% against at 84.2 pence per euro . A downturn in business activity for British firms eased this month, the S&P Global UK Composite Purchasing Managers' Index (PMI) showed on Thursday, as businesses grew a little cheerier about the outlook, including fewer worries about the impact of higher U.S. tariffs. The British currency has also been supported this week by hot inflation data, which might lower the prospect of rates cuts from the Bank of England. The BoE's chief economist Huw Pill said this week that a quarterly pace of cuts was "too rapid" given still strong wage pressures on inflation. "There's a bit of dissent building at the Bank of England," ING's Pesole noted. The British central bank lowered interest rates by a quarter point to 4.25% on May 8 in a three-way split vote, with two members of the Monetary Policy Committee favouring a bigger cut, and two - including Pill - preferring a hold. (Reporting by Samuel Indyk, editing by Ed Osmond)
Reuters
22-05-2025
- Business
- Reuters
Pound holds near three-year high on trade optimism
LONDON, May 22 (Reuters) - The British pound dipped slightly against the dollar but remained close to its highest level since 2022 reached the day before as hot inflation and improving relations with Europe and the U.S. continued to support the currency. The pound was last down 0.1% against the dollar at $1.3399, having touched a high of $1.3468 on Wednesday, its strongest level in over three years. Britain has recently looked to improve relations with the U.S. and the European Union, becoming the first nation to sign a deal with the U.S. after President Trump's reciprocal tariffs, and agreeing its biggest reset of trade and defence ties with the EU since Brexit this week. "The trade deals are generally good news for the pound," said ING FX strategist Francesco Pesole. "We still think the pound is in a pretty good position." Sterling was up 0.1% against at 84.2 pence per euro . A downturn in business activity for British firms eased this month, the S&P Global UK Composite Purchasing Managers' Index (PMI) showed on Thursday, as businesses grew a little cheerier about the outlook, including fewer worries about the impact of higher U.S. tariffs. The British currency has also been supported this week by hot inflation data, which might lower the prospect of rates cuts from the Bank of England. The BoE's chief economist Huw Pill said this week that a quarterly pace of cuts was "too rapid" given still strong wage pressures on inflation. "There's a bit of dissent building at the Bank of England," ING's Pesole noted. The British central bank lowered interest rates by a quarter point to 4.25% on May 8 in a three-way split vote, with two members of the Monetary Policy Committee favouring a bigger cut, and two - including Pill - preferring a hold.
Business Insider
17-05-2025
- Business
- Business Insider
Top 9 most counterfeited currencies in the World
The financial landscape is plagued by concerns of counterfeit currency, which continues to pose a persistent threat to the stability of global financial systems. This issue is exacerbated by access to sophisticated technology, exploited by organized criminal networks. Counterfeit currency remains a significant issue globally, threatening financial stability and enabling organized crime. INTERPOL combats counterfeiting through international collaboration and enforcement training. The US dollar is among the most counterfeited currencies, yet current scales of counterfeiting remain unclear. To simply put, counterfeiting is the act of creating or distributing fake currency or goods that mimic the real thing, often with the intention of deceiving others into accepting them as authentic. This can have serious economic and social consequences, including financial losses for individuals and businesses, damage to brand reputation, and potential funding of organized crime. According to INTERPOL, counterfeiting financial instruments fuels underground economies and enables organized crime and terrorism. The International Criminal Police Organization works to combat these threats through international cooperation, intelligence sharing, and law enforcement training. As fraudsters increasingly leverage sophisticated technologies to replicate or alter banknotes with remarkable precision, many countries now utilize the 'parts per million' (PPM) metric to monitor counterfeit currency. This metric measures the number of fake notes per one million genuine banknotes in circulation, with most nations aiming to maintain a counterfeiting rate below 15 PPM Top 9 Most Counterfeited Currencies in the World A recent profile by YahooFinance ranks the currencies most targeted by counterfeiters, based on available data Rank Country PPM 1 US Dollar 100? 2 British Pound 42 3 Euro 13 4 Australian Dollar 9 5 Philippine Peso 7.9 6 Canadian Dollar 7 7 South African Rand 3 8 New Zealand Dollar 0.8 9 Malaysian Ringgit 0.3 The US dollar tops the list as the most counterfeited currency due to its global proximity and acceptance, being the world's most accessible and widely accepted legal tender. However, despite its popularity, the most recent estimate from 2006 indicated that approximately 1 in every 10,000 US bills was counterfeit, and no updated figures have been released since then. The US remains tight-lipped about the actual volume of fake dollars in circulation, complicating efforts to gauge the true scale of the issue. Interestingly, the United States has opted to maintain its traditional cotton-linen material for currency, rather than switching to plastic notes like some other countries, such as Australia, Canada, and the UK. In its bid to prevent counterfeiting, the US has implemented robust measures including built-in deterrence systems in popular editing software like Adobe Photoshop, which prevent users from opening images of US currency.
