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Bank Of England Hikes Interest Rates To 4.25%: Pound Edges Higher, UK Stocks Hold Steady Ahead of Wall Street Open

The Bank of England raised interest rates by 25 basis points to 4.25% Thursday, as widely anticipated by the market, in a 7-2 vote.  Further tightening of monetary policy will be required "if there were signs of more persistent price pressures," the central bank said in a statement. 

EWU

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Ark Invest, Cathie Wood Raise $16 Million For New Crypto Funds: Why Most Investors Will Be Unable To Participate

Over the years, Ark Invest CEO Cathie Wood has been a vocal supporter of the cryptocurrency sector. Ark Invest has included several crypto-friendly companies among big ETF holdings. The company is rolling out new crypto investment funds, but they might not be readily available to everyone.

ARKF

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Gold Rallies Eyeing $2,000/oz As Recession Looms – These 3 ETFs To Gain From Precious Metal’s Bull Wave

Gold has had a textbook rally following the tumultuous week in the U.S. banking sector and heavy drops in Fed hike expectations as recession risks loom. On Friday, gold surged 2% beyond $1,950/oz levels, putting it on track for a 6% weekly gain, its largest since early November 2022.

AGI