The post GBP slumps as UK inflation growth cools down appeared on BitcoinEthereumNews.com. Pound Sterling slumps as UK inflation growth cools down The Pound Sterling (GBP) faces intense selling pressure against its major peers on Wednesday after the release of the United Kingdom (UK) Consumer Price Index (CPI) data for September. The Office for National Statistics (ONS) reported that the core CPI – which excludes volatile components of food, energy, alcohol and tobacco – grew by a less-than-expected 3.5% on an annual basis. Economists forecasted underlying price pressures to have risen by 3.7% against the prior reading of 3.6%. Read more… GBP/USD outlook: Biased lower while below thickening daily cloud Cable remains in red for the third straight day with fresh weakness on Tuesday, pointing to negative signals developing on daily chart. Friday’s false break above daily cloud, left Doji candle with longer upper shadow and subsequent drop returned below cloud base, adding to negative signals. Read more… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-slumps-as-uk-inflation-growth-cools-down-202510221410The post GBP slumps as UK inflation growth cools down appeared on BitcoinEthereumNews.com. Pound Sterling slumps as UK inflation growth cools down The Pound Sterling (GBP) faces intense selling pressure against its major peers on Wednesday after the release of the United Kingdom (UK) Consumer Price Index (CPI) data for September. The Office for National Statistics (ONS) reported that the core CPI – which excludes volatile components of food, energy, alcohol and tobacco – grew by a less-than-expected 3.5% on an annual basis. Economists forecasted underlying price pressures to have risen by 3.7% against the prior reading of 3.6%. Read more… GBP/USD outlook: Biased lower while below thickening daily cloud Cable remains in red for the third straight day with fresh weakness on Tuesday, pointing to negative signals developing on daily chart. Friday’s false break above daily cloud, left Doji candle with longer upper shadow and subsequent drop returned below cloud base, adding to negative signals. Read more… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-slumps-as-uk-inflation-growth-cools-down-202510221410

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more