Inflation in The UK has again reached new highs, climbing to 10.1% in July mainly contributed by an increase in prices for food and fuel. Expectations for inflation hitting double figures have come much earlier than the initial time-frame of October, and is also the first time since February 1982 that inflation has been in double figures.
U.S inflation in July dropped from 9.1% down to 8.5%, leading to The USD plunging overnight against both GBP & EUR. Although prices within groceries and housing continued to climb, a fall in petrol prices by almost 8% to fall below $4 a barrel for the first time since March, no doubt played the biggest part in inflation coming in lower than expected.
Gold, silver, and other precious metals have been used as a form of currency for centuries. Many people are interested in investing in these metals, but they aren't sure if it's the right decision for them.
The pound eased against the U.S. dollar this morning, a day after the Bank of England (BoE) raised interest rates by the most in 27 years in an attempt to smother surging inflation but delivered a stark warning about growth.
Cryptocurrencies are a sort of secure digital currency that is protected by encryption and distributed across computer networks. Transactions involving these currencies are carried out with the parties involved preserving a level of anonymity while doing so.
Those who are considering Bitcoins to be a potential mode of investment are eager to know if it is beneficial to go ahead with the investment.
Cryptocurrency investment and trading have gained traction. There are several contributing factors to this.
These days, cryptocurrency is a trendy investment method. It's grabbing people's attention in both rich and poor homes. But, BTC is volatile and you should consider few things before you invest your hard-earned money in Bitcoin Edge site.
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