
Bank of England boss not convinced of need for digital pound
The Bank and the Government are in the process of exploring the launch of a digital pound.
Digital PoundATFX has released the Q3 2025 edition of Trader Magazine, offering a timely and in-depth look at the financial landscape during what is expected to be one of the most turbulent quarters of the year. With renewed U.S. tariff tensions resurfacing, diverging central bank strategies taking shape, and volatility intensifying across commodities and currencies, this latest issue delivers expert insights designed to help traders navigate shifting global conditions with confidence.The issue opens with Martin Lam, ATFXs Chief Analyst of Asia Pacific, who explores how protectionism, inflation, and economic fragmentation are reshaping sentiment. He calls for flexible trading strategies as global alignments shift. Dr. Mohamed Nabawy, ATFX MENA MarketAnalyst, adds that renewed tariff tensions could slow the U.S. and Europe, increasing the risk of equity market corrections driven by inflation or retaliation.Nick Twidale, Chief Market Analyst for Australia, provides an outlook on AUD/USD, discussing the Reserve Bank of Australias recent policy pause and the Australian dollars sensitivity to Chinas economic trajectory and the broader commodity cycle. He also highlights several short-term technical indicators that traders should monitor closely. On the European front, Gonzalo Caete, ATFXs Global Chief Market Strategist, focuses on GBP/USD and EUR/JPY, pointing to a rise in volatility across European currencies. He explains how the UKs alignment with U.S. policy contrasts with the eurozones economic softness, while Japans monetary tightening could expose EUR/JPY to downside risk in the months ahead.Jessica Lin, Global Market Analyst for Asia Pacific, highlights golds upward momentum driven by safe-haven demand, with potential highs near $3,800 if uncertainty continues. She also sees silver gaining once industrial demand picks up. In energy, Gab Santos, Market Strategist in the Philippines, forecasts oil prices averaging $61 per barrel, citing rising supply and weakening demand as key pressure points.Dean Chen, ATFX Guest Analyst analyses the yens rise after Japans policy shift, warning of export risks, while noting the yuans relative stability amid Chinas slowdown. Diego Albuja, ATFX LATAM Market Analyst, highlights USD/MXN trends driven by rate divergence and nearshoring momentum. Lucas Nguyen, ATFX Market Analyst (Vietnam), offers a technical view on EUR/USD, suggesting a breakout could mark the next major macroeconomic shift.The Q3 2025 edition of Trader Magazine reflects ATFXs continued commitment to delivering timely, actionable insights in a rapidly evolving market landscape. Covering global economic shifts and key market drivers, the issue equips traders with well-rounded perspectives that combine strategic analysis with technical context to support more informed and confident decision-making.Access the Full Q3 2025 Trader Magazine HereAbout ATFXATFX is a leading global fintech broker with a local presence in 24 locations and holds 9 licenses from regulatory authorities, including the UK's FCA, Australia's ASIC, Cyprus' CySEC, the UAE's SCA, Hong Kong's SFC, South Africa's FSCA, Mauritius' FSC, Seychelles' FSA, and Cambodia's SERC. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX delivers exceptional trading experiences to clients worldwide.For further information on ATFX, please visit ATFX website https://www.atfx.com.
This article was written by FM Contributors at www.financemagnates.com.
The Bank and the Government are in the process of exploring the launch of a digital pound.
Digital PoundInnovate Finance, the industry body for UK FinTech, through its Digital Pound Foundation programme, has today published a blueprint to make the UK the leading international market for stablecoin a key pillar of the future digital economy.
Digital PoundOffline payment functionality is technically feasible for a future digital pound but there are trade-offs that make it challenging, according to new Bank of England research.
Digital PoundThe Digital Pound Foundation has become part of the umbrella of Innovate Finance, the industry body for UK fintech.
Digital PoundRecord hopes the BOE will abandon the project, which has already cost $30.5 million, and focus on its core responsibilities.
Digital PoundInnovate Finance, the industry body for UK FinTech, and the Digital Pound Foundation (DPF) have officially joined forces today.
Digital Pound