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Blazing hot market

UK inflation climbs to highest since 1992 at 5.5%

  • Tower Semiconductor Ltd shares soared higher after the foundry chip manufacturer agreed to a $5.4 billion takeover by #Intel Corp.
  • British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates
  • Digital insurance infrastructure firm #Boost Insurance, alongside insurtech Breach Insurance, has announced that it has launched #Crypto Shield, which covers the theft of cryptocurrencies
  • #BTCUSD fell 0.9%
  • #EURUSD rose 0.3%
  • #AUDUSD went up 0.6%


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