EUR/USD
1.15676
0.034%
Gold
4074.67
1.767%
Oil
60.105
0.719%
USD/JPY
154.189
0.497%
GBP/USD
1.31710
0.063%
GBP/JPY
203.088
0.561%
Real-time News
Bank of England: Stablecoins that have transitioned from the UK Financial Conduct Authority (FCA) regulatory system can have up to 95% of their reserve assets invested in short-term government bonds.The Bank of England has proposed a cap of £20,000 on stablecoin holdings for individuals and £10 million for businesses.Oil prices rose in early trading on November 10, supported by progress toward an end to the US government shutdown, as investors awaited a series of industry reports later this week. Market observers are turning their attention to upcoming monthly reports from OPEC, the International Energy Agency, and the US Energy Information Administration for insights into current supply and demand trends, amid growing concerns about oversupply. Traders are also closely watching Russian oil flows following the latest US sanctions. Media reports indicate that President Trump has granted Hungary a one-year exemption to purchase Russian energy.The Bank of England has proposed that 60% of the assets supporting stablecoins should be short-term UK government bonds, and at least 40% should be held by the Bank of England.On November 10th, UK government bond yields were rising, mirroring the trend in US Treasury yields, as the US government shutdown was expected to end. The US Senate passed a procedural vote to advance an agreement to end the shutdown, securing the support of eight moderate Democrats. However, this is only the first procedural hurdle; the agreement still requires a final closing debate vote in the Senate and approval from the House of Representatives. Meanwhile, UK bond investors are likely to remain cautious due to uncertainty about what measures will be announced in the UK budget on November 26th. According to Tradeweb data, the yield on 10-year UK government bonds rose 2.2 basis points to 4.484%.
