Carney Expresses Optimism Over FICC Misconduct Measures
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Carney Expresses Optimism Over FICC Misconduct Measures – Profit & Loss
In a speech to the FICC Markets Standards Board (FMSB) in London, Mark Carney, Governor of the Bank of England (BoE), expressed optimism that new measures aimed at preventing misconduct in the FICC markets are having a significant impact. Read More
Bitcoin Breaks the $10,000 Mark
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Bitcoin Breaks the $10,000 Mark – Profit & Loss
The value of bitcoin (BTC) soared to over $10,000, a 900% increase in value from the start of the year.
Dollar Lifts Off Two-Month Low Ahead of Powell Confirmation
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Dollar Lifts Off Two-Month Low Ahead of Powell Confirmation – Reuters
The dollar was stuck near a two-month low, as traders waited for the confirmation hearing and first serious test for new Federal Reserve chair Jerome Powell.
HSBC Ordered to Hand Over Records in ‘Front-Running’ Case
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HSBC Ordered to Hand Over Records in ‘Front-Running’ Case – Financial Times (subscription)
HSBC has suffered another setback over allegations that it manipulated foreign exchange markets, after a British judge ordered the bank to hand over records requested by a client who suspects it was a victim of “front-running” by the bank’s traders.
Euro Hits Six-Week High on Growth Outlook Optimism
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Euro Hits Six-Week High on Growth Outlook Optimism – Reuters
The euro hit a six-week high against the dollar, with investors optimistic about the strength of the euro zone’s recovery after strong economic data this week. Read More
Sterling Hits Six-Week High as Traders Brush Off Growth Forecast Cuts
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Sterling Hits Six-Week High as Traders Brush Off Growth Forecast Cuts – Reuters
Sterling hit a six-week high against a weaker dollar, with traders largely brushing off sharp downward growth forecast revisions and refocusing on Brexit negotiations.
US Dollar Weakens as Low Bond Yields Weigh on Currency
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US Dollar Weakens as Low Bond Yields Weigh on Currency – Wall Street Journal (subscription)
The US dollar declined on investor concerns that low longer-term government bond yields may be signaling a weakening outlook for growth and inflation. Read More
Euro Steadies After Biggest Daily Fall in a Month
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Euro Steadies After Biggest Daily Fall in a Month – Reuters
The euro steadied after notching up its biggest fall in nearly a month in the previous session as investors shrugged aside concerns of any fallout from the German political deadlock for now.
Banks Prepare to Settle with Brussels Over Forex Cartel Probe
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Banks Prepare to Settle with Brussels Over Forex Cartel Probe – Financial Times (subscription)
Eight of the world’s largest banks are set to discuss financial settlements with the European Commission, drawing a line under a four-year probe into allegations they formed a cartel to rig the $5.3tn global foreign exchange market. Read More
Sterling Set for Second Week of Gains as Brexit Talks Eyed
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Sterling Set for Second Week of Gains as Brexit Talks Eyed – Reuters
Sterling rose and is set for a second consecutive week of gains as investors covered their short positions before the weekend with Britain’s path out of the European Union looking complicated. Read More