Cryptocurrencies prices advanced on Monday, with Bitcoin and Ethereum gaining more than 1%. Starbucks (NASDAQ:SBUX) denied earlier reports that it would be accepting Bitcoin as payment.
Iran’s central bank, acting on the eve of U.S. sanctions, scrapped most currency controls introduced this year in a bid to halt a plunge in the rial that has stirred protests against the government of President Hassan Rouhani.
The U.S. dollar pushed higher against a basket of the other major currencies on Monday, buoyed by expectations for higher interest rates, while fresh Brexit woes pushed sterling to its lowest level since September.
The pound sank to an 11-month low on Monday as comments by officials about Brexit stoked fears among currency investors that Britain could soon crash out of the European Union without securing a trade agreement.
The pound slumped to its lowest level since early September on Monday after amid mounting worries over Brexit after Britain’s international trade secretary warned that a no-deal Brexit was now more likely than not.