Monday, January 27, 2020
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Currency

The world’s money markets can change within minutes – and new developments are taking place every second.
To keep you up to speed, our currency writers provide you with the latest news on the international and FOREX markets, foreign exchanges, currency exchange rates, and other relevant financial matters.
We also provide commentary and groundbreaking analysis so you have a broad understanding of the developments shaping economies.
Whether you require the latest currency news as a trader, are thinking of widening your investment portfolio, or would simply like to keep abreast of the latest exchange rate developments, we deliver.

Just one month after skeptics were predicted bitcoin’s demise the virtual currency reached record new highs. The currency climbed to USD 273.50 on Mt. Gox – a leading bitcoin exchange – marking a 148% rise since the 2nd of October when it traded at USD 110. The demise was predicted after...
Virtual currencies are throwing up a series of problems for governments trying to exert some control on a personal asset that only exists online. Many governments are still coming to grips on whether virtual money is real or not. The problem is gains from currency trades are not taxable in many...
The central bank of Sudan has devalued its currency by 22.6% against the dollar. This is the second devaluation – with the first only taking place just over a year ago – and signals a continual struggle for the country to obtain hard currency. In 2010, Sudan was one of the...
There’s a new quid on the block today as the old pound coin bows out in favour of a sleeker, shinier version. The old pound coin was introduced in 1983 when a loaf of bread cost 38p and a kilo of Cheddar cheese weighed in at £2.55. Today, the bread costs...
Health and happiness is more important than wealth to people in retirement, according to Pensions minister Steve Webb. That’s why the government is proposing to change pension rules to give retirement savers easier access to their cash. In a major change of sentiment, the government reckons if people want to spend...
Making banknotes is expensive and complex. So whilst some countries, like America, still print their own notes, many governments have begun to outsource their production. Yet in an unexpected turn of events, one of the world’s most successful currency printers is not a commercial company – it’s the Australian Government. A...
Bitcoin is slowly slithering down in value after reaching a record high of almost $20,000 a year ago. The markets have wiped another 3.5% of the leading cryptocurrency’s value, sending the price down to $3,360 and it would take a brave investor to put money on where Bitcoin is likely...
Cryptocurrency has seen an unexpected rally as a sea of green lights up the price boards at exchanges around the world. Bitcoin has improved from $3,911.29 to more than $4,000 for the first time since a blip on February 23 saw the price jump to $4,149.09. That’s the only time since...
Digital currency OneCoin is in a mess with thousands of investors locked out of their money and the scheme’s founder on the run from US authorities accused of running a pyramid scam. Police and regulators reckon OneCoin has raised £4 billion from tens of thousands of investors around the world. Founder...