Pound Falls for Second Day as Data Confirm UK Growth Slowdown – Bloomberg The pound fell for a second day after a report confirmed UK economic growth slowed in the third quarter.
What are the Chances of an Actual Currency Crisis in China? – FT Alphaville First things first, and to repeat ourselves, China’s recent devaluation was pathetic. We mean, really, what is this?
Franc Slides to Five-Year Low Versus Dollar Amid SNB Speculation – Bloomberg The Swiss franc dropped to the weakest level in five years against the dollar as speculation the European Central Bank is gearing up to boost stimulus led investors to consider whether the Swiss National Bank will respond by intervening to weaken its own currency.
Copper, Zinc Hit Eight-Day Highs, Rebound from Multiyear Lows – Wall Street Journal (subscription) Betting China will reduce oversupply with buying at current low prices.
Spat On and Taunted No More: It’s Okay to Be Irish Banker Again – Bloomberg Reviled during Ireland’s financial crisis, banking is back in vogue for the country’s young and ambitious.
Asset Managers and Best Execution – Thomson Reuters There was a time when best execution to some on the buy side merely meant calling three or four banks on the telephone, asking each for the same price and hitting the best bid or offer.
Peer-to-Peer FX Providers Hedge Disintermediation Threats – Euromoney Leading P2P providers are confident their FX products can rival leading banks, but tech bulls concede the shifting FX market-structure landscape will still see the top-tier financial institutions dominate.