With just a 4 day week ahead of us in the UK before the King’s Coronation, we have a relatively volatile week on the cards with Central Banks as the key focus- which could present some great opportunities for those buying and selling Sterling.

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What is VeChain? VeChain is an enterprise-focused blockchain platform designed to improve supply chain management and business processes.

This morning we see the retail sales figures released for the UK. Expectations were that it would continue to drop off, especially after seeing inflation levels stay above the 10% mark earlier in the week.

The popularity of cryptocurrency trading has increased significantly, resulting in the emergence of numerous P2P crypto exchanges for traders to choose from. 

Sterling extended gains above $1.24, moving closer towards an over 10-month high of $1.2546 touched on April 14, after data showed the UK labor market remained tight in the three months to February.

After a disappointing retail sales release from the U.S on Friday, we saw the markets very quickly jump into positions on the Dollar- GBPUSD fell from 1.25 down to 1.24, EURUSD from 1.10 down to 1.09, and GBPEUR from 1.1370 down to 1.1280.

Many investors desire to diversify their portfolios. Therefore, they look for different penny digital currencies, especially affordable ones. Such coins are inexpensively priced. The crypto world deems these penny cryptocurrencies as those priced below $1. In other words, they may enter the crypto space without making heavy investments.