Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Saturday, 19 September 09:36 (GMT -05:00)

Business And Politics News

Fitch Cuts U.K.'s Long-Term Credit Ratings

As you probably know, on June 23, 2016, the United Kingdom held the so-called Brexit referendum to decide whether the folks want to stay in the European Union. As the result, they decided to quit the EU. So, the Brexit scenario is underway and is already affecting Great Britain’s economic prospects.




Apart from the fact that the British Pound started losing is value against the U.S. Dollar and other major currencies, investors started withdrawing funds form toxic British assets, which only accelerated to trend.
Now it is reported that Fitch, a major international rating agency, decided to cut the United Kingdom’s long-term credit ratings in British and foreign currencies from «АА+» down to «АА», with a negative forecast. The thing is that Fitch expect the Brexit to escalate the existing uncertainty in financial markets in the U.K. and outside and is definitely going to affect the British economic growth by slowing it down in the coming years.
At the same time, S&P Global Ratings also decided to cut the United Kingdom’s long-term credit ratings in British and foreign currencies from «ААA» down to «АА», with a negative forecast. The rating agency also explains that the Brexit is the key reason for this decision. More over, the rating agency also cut the long term ratings of the Bank of England. In particular, the central bank got its ratings cut from «ААA» down to «АА».
They say that Brexit makes it more difficult for the United Kingdom to be predictable and efficient in making important economic and financial decisions today. The Brexit is going to affect the entire economy, including the national GDP and budget balance as well as the national currency, which is the British Pound, Masterforex-V academy experts say.  
Another thing to pay attention to is that a big difference between the voting results in England, Wales, Scotland and Northern Ireland are expected to create even bigger constitutional problems for the United Kingdom. That’s why the British Pound has weakened a lot against the U.S. Dollar and other majors since the referendum results were announced.


You are free to discuss this article here:   forum for traders and investors


Add to blog
Got a question? – Ask it here »

Raygan's Former Advisor Accuses the Fed of a Big Fraud

The former budget advisor under Ronal Raygan's administration, of the founders of the so-called Rayganomics, David Stockman, is a big adversary of the Federal Reserve's policies. He thinks that artificial interest rate cuts coupled with uncontrolled QE (money printing) creates madness in financial markets, thus separating asset evaluation from their intrinsic value of those assets.

Publication date: 23 August 07:32 AM

U.S. Labor Market Disappoints, Economy Slows Down

The employment rate in the United States increased by 167.000 people in July 2020. It's important to mention the fact that the data came in much worse than expected. According to Reuters, this increase was expected to reach 1.5 million people. At the same time, July's figures were much worse than those revealed in June 2020.

Publication date: 06 August 10:06 AM

iPhone as a Payment Terminal: Apple Bought a Startup For That

Apple has recently acquired Mobeewave, a startup specializing in online payments. The price of the deal is 100 million dollars. According to Bloomberg, the company's technology may allow Apple to turn iPhones into mobile payment terminals accepting mobile payments. To be more specific, Mobeewave developed a technology making it possible to make financial transactions between mobile devices through the built-in NFC module.
Publication date: 05 August 09:27 AM

China Makes Blockchain Professions Official

There are 1838 officially recognized professions in China. Now, there list is up by 2 professions - blockchain engineer and blockchain app operator. The Chinese Ministry of Human Resources and Social Security (MOHRSS) has recently confirmed that by updating the list of official professions.
Publication date: 20 July 11:42 AM

South Korea Invests Billions In Blockchain Technologies

By 2025, South Korea is planning to invest over 48 billion dollars in  blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.

Publication date: 18 July 09:40 AM

Black Lives Matter - Investors Keep Ignoring Major Riot In US In 50 Years. Why?

Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?

Publication date: 18 June 07:56 AM

Donald Trump Influences Bitcoin Exchange Rate

Publication date: 05 June 04:42 AM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Forbes has recently published the list of 2095 billionaires from different parts of the world. It turns out that 4 of them owe it to cryptocurrencies. Who they are, the cryptocurrency billionaires?
Publication date: 13 April 11:54 AM

Life After Brexit: EU-UK Talks Are Underway

Publication date: 07 March 09:03 AM

USA May Take Steps To Support National Economy After COVID-19 Pandemic

Publication date: 07 March 08:15 AM