An escalating trade war between the US and China looks increasingly likely to blow up into a full-blown currency war after the Trump administration accused Beijing of manipulating the renminbi.
Meanwhile, the pound rose slightly above recent lows against the dollar but remained vulnerable as concerns heighten that Boris Johnson is leading the UK towards a chaotic no-deal Brexit and the significant economic damage that it would bring.What could act as a safe haven in these times of economic tumult?Not gold, but bitcoin. That's the view of one analyst in the face of at least one market watcher, anyway.
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