The Pound Sterling (GBP) weakens against a majority of its peers, except Asia-Pacific currencies, as the United Kingdom (UK) Retail Sales data for October contracted at a faster-than-expected pace.
Here is what you need to know on Friday, November 22: Following a quiet European session, the US Dollar (USD) regathered its strength in the second half of the day on Thursday and continued to push higher early Friday, reaching its highest level since October 2023 above 107.00.
Gary Wang, co-founder of the cryptocurrency exchange FTX, was sentenced to time served and three years of supervised release on Wednesday for his involvement in a $8 billion fraud scheme.