News

UK Inflation Falls Again Good news today for UK consumers, and also the BOE, with the latest UK economic data reflecting a third consecutive monthly decline in consumer prices. Annualised inflation printed at 10.1% last month, down from the prior month’s 10.5% and now down a full 1% from the peak inflation reading of 11.1% […]

The BTC found a foothold and recovered. The quote on Wednesday is 22,127 USD. The fact that the BTC has out falling on halt is good news. The market did not reach the support level of 21,500 USD, after all. This means, sliding down to 20,500 USD is postponed. To go on growing, the BTC […]

The British pound is again affected by the US dollar. The current quote is 1.2105. The CPI in January in Britain dropped to 10.1% y/y while the forecast was 10.3% y/y. Month-wise, inflation dropped by 0.6% while investors had expected a decline by 0.4%. Thus, inflation continues retreating from the peak of 11.1% that it […]

Kape Higher on Monday Shares in Kape Technologies are trading sharply today as the stock gapped higher at the London open on news of a takeover bid. Majority shareholder Unikmind Holdings has reportedly offered $1.51 billion to purchase all remaining shares in the company ($3.44 per share). Unikmind, owned by Teddy Sagi, is unable to […]

Airbnb Reporting Today Along with January US CPI we also have two big US earnings reports due today with Coca Cola and Airbnb reporting Q4 results. Looking at the latter, shareholders are hoping for a seventh consecutive positive set of earnings results. Given that the market is looking for both EPS and revenues to have […]

GBP Weakening  GBP looks to be under pressure at the start of the week following on from the selling we saw last week. Despite the NIESR reporting that it no longer expects the UK to suffer a recession this year, the economy (seen flat in Q4) is still reeling from the ongoing political uncertainty and […]