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Pound traders upbeat on outlook for Brexit

Bloomberg Pound traders are more upbeat on the outlook for Brexit as the government and opposition Labour party hold a crunch meeting to try and reach a deal. One-week risk reversals on the pound-dollar pair, a measure of market positioning, signal investors are the most optimistic on the pound in almost five months. There is only around a one-in-three chance ...

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Bitcoin bounds towards $6,000

Bloomberg Bitcoin climbed to a fresh 2019 high, approaching the $6,000 level for the first time since November. The largest digital coin advanced as much as 4.7 percent to $5,961, before paring its gain to 3.4 percent in New York, according to Bloomberg composite pricing. Most of the other highly traded tokens were mixed, lagging Bitcoin. The world’s most-followed cryptocurrency ...

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Fed escalates warnings on perils of risky company debt

Bloomberg The Federal Reserve escalated its warnings about the perils of risky borrowing by businesses, saying firms with the worst credit profiles are the ones taking on more and more debt. The Fed also left a question unanswered: Is it going to do anything about it? The US central bank’s latest financial stability report said leveraged-lending issuance grew 20 percent ...

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