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Foreign Exchange Analysis Headlines

Swiss National Bank relaxed on virtual currencies

Virtual currencies like bitcoin present no risks to monetary policy although investors should be aware of the dangers from big price swings, Swiss National Bank Chairman Thomas Jordan said on Thursday.

Sterling slips on lack of hawkish turn by BoE

Sterling slipped against the dollar on Thursday, with some traders disappointed the Bank of England stuck to its view that interest rates were likely to rise only gradually despite above-target inflation and progress in Brexit talks.

Bitcoin fever exposes crypto-market frailties

As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds.

Sterling edges higher ahead of Bank of England decision

Sterling edged higher on Thursday, as traders awaited a Bank of England meeting that will be watched for signs of whether recent progress in Brexit talks and higher UK inflation could speed up the pace of future interest rate hikes.

Germany monitoring bitcoin market impact - Finance Ministry

Germany is carefully monitoring the impact of cryptocurrencies on markets, a finance ministry spokesman said on Wednesday, as bitcoin surged and the futures of the best known cryptocurrency made their world debut on a U.S. stock exchange.

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House to vote on tax bill Tuesday afternoon: aides

WASHINGTON The Republican-controlled U.S. House of Representatives is expected to vote on sweeping tax legislation early Tuesday afternoon, aides said, bringing President Donald Trump's goal of overhauling the U.S. tax system one step closer to fruition.