Sterling gets stronger on Tuesday trading

Posted 16 October, 2018

The sterling has soared to the peak on Tuesday trading session driven by the released salary report in the UK.

According to the available data, the salary rise posted the highest pace over the past 10 years in the country. This definitely leads to a better outlook for UK's economy. The sterling-to-US dollar hiked to 1.3212 today. The euro also weakened against the British currency reaching some 0.8766. For reference, the rate was at 0.8788 before the report.

The UK Office for National Statistics reported that an average salary level without bonuses increased by 3.1% y-o-y in June-August.

The head of ONS David Freeman noted:

“Regular monthly wage packets grew at their strongest rate in almost a decade but, allowing for inflation, the growth was much more subdued.”

At the same time, the level with bonuses went up b 2.7% in August, the highest level since February, while the forecast was voiced at 2.6%.

The UK's inflation was 2.5% y-o-y in August, so buying capacity showed moderate strengthening in the country. As for unemployment, the rate keeps steadily staying at 4.0% in August, coming in line with the previously expected level.

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16 October, 2018 18:08

← Huobi to add four stablecoins

One of the leading crypto trading platforms – Huobi – is going to add four USD-backed digital coins this week. At the same time, the company does not plan to stop supporting Tether taking into account the recent events connected with this asset. The company stated Tuesday that it would list TrustToken's TUSD, Circle's  USDC, Gemini's GUSD and Paxos' PAX. The new assets are said to be added beginning from October 19. However, Huobi also welcomes institutional investors and OTC traders to join this segment citing generally small stablecoin market cap for now. 

Huobi to add four stablecoins

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16 October, 2018 15:20

Parity Technologies updates Parity Signer app →

Parity Technologie has announced the beta of the application – Parity Signer 2.0. The new app is designed to store and sign transactions of digital assets autonomously via private key. With the new version, the project team has updated the app's interface, though now an old cell phone can become a hardware wallet. Parity Signer 2.0 Beta can be downloaded in App Store/Google Play. Notably, the users will receive message all the time when the device connects to the internet. As for extra features, the app 2.0 can be synchronized with MyCrypto wallet via QR-code. Users should also take into account that as this is just an experiment so far, the company recommends "using Parity Signer with caution by following the official instructions and only storing small amounts on it."

Parity Technologies updates Parity Signer app
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