UK

Crypto Investor: British Pound Dropping Like Shitcoin
Crypto Investor: British Pound Dropping Like Shitcoin

The pound drops to a new record low after the UK stressed more tax cuts. Crypto investor Lark Davis compared the dropping GBP to a ‘Shitcoin’. The Bank of England is expected to make a move if the situation gets worse. The British pound (GBP) plunges to a record low after the UK government vowed to assert more tax cuts, which fuels uncertainty that will bring new tax policies that will affect both equities and cryptocurrencies. In a tweet, popular bitcoin and crypto investor Lark Davis told his 1 million Twitter followers how troubled he was with the plummeting price

UK to enter recession in Q4 amid energy crisis: Goldman
UK to enter recession in Q4 amid energy crisis: Goldman

Goldman Sachs predicts a significant decrease in British economic growth. The United Kingdom (UK) experienced a record high inflation in June. The main drivers of inflation in the UK are energy prices. Goldman Sachs economists are forecasting a severe decline in British growth later this year, attributing the problem to inflation which has reduced the amount of disposable income for families. The investment bank has downgraded its growth forecast for the UK economy from 1.4% to 0.6%. With each passing day, the macro-world economy gets worse. Consumers’ purchasing power has decreased, while producers have been tolerating low demand. The combination