Top Headlines
Sterling Rebounds from 11-Month Lows Versus Euro – Reuters
Sterling rebounded from 11-month lows to gain over half a percent versus the euro on speculation the European Central Bank might not tolerate a strengthening single currency for too long. Read More
Top Headlines
Euro Extends Gains After Breaking $1.20 Line – Reuters
The euro jumped more than half a percent as investors bought the single currency, betting on the diverging fortunes of the improving euro zone economy relative to its struggling US counterpart. Read More
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Haven Assets in Demand After North Korea Missile Launch – Financial Times (subscription)
Market jitters buoy gold, yen and Swiss franc while stocks retreat. Read More
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Euro Climbs to 2½ Year High After Draghi Refrains from Talking Down Currency – Reuters
The euro extended gains to a 2½-year high against the dollar after the European Central Bank president held back from talking down the currency and as markets worried about the impact of Tropical Storm Harvey on the US economy. Read More
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Dollar Inches Higher Ahead of Jackson Hole – Reuters
The dollar gained more ground against the yen and the euro as traders bet Federal Reserve chief Janet Yellen would promise to push forward with plans for tighter monetary policy.
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Euro Hits Eight-Year High Against Pound on Diverging Forecasts – Financial Times (subscription)
Europe’s common currency has hit its strongest level against sterling in eight years, reflecting the diverging economic outlook for the eurozone and the UK and its implications for their respective central banks’ policymaking. Read More
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Sterling Dips Below $1.28 for First Time Since June – Reuters
Sterling fell briefly below $1.28 for the first time since late June and deepened its recent losses against the euro as gloom over Britain’s economic prospects and the Brexit process encouraged investors to push the pound lower.
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HSBC’s Execution of Cairn Order “Followed Standard Industry Practice” – Profit & Loss
Documents lodged by the team representing HSBC’s former global head of FX trading Mark Johnson in his defence again market manipulation claims, indicate that should a defence case be needed it will focus on proving that the bank – and Johnson’s conduct – was in line with standard industry practice.
Top Headlines
Sterling Struggles After Worst Week Since Early June – Reuters
Sterling edged back towards an almost six-week low against the dollar as growing doubts around the progress of Brexit talks with Europe continued to weigh on the currency.
Top Headlines
ECB Officials Expressed Concern Over Risk of Euro Overshoot – Bloomberg
European Central Bank officials sounded the alarm at the threat of an even stronger euro, as the currency’s gains to the highest since they unveiled quantitative easing in 2015 cloud efforts to revive inflation.