Sterling Climbs Towards $1.32 After UK Data Beat Predictions
Top Headlines
Sterling Climbs Towards $1.32 After UK Data Beat Predictions – Financial Times (subscription)
The UK pound added to its gains after a round of data on Britain’s industrial and construction sectors exceeded economists’ forecasts. Read More
Dollar Near 10-Week Highs; Turkish Lira Tumbles
Top Headlines
Dollar Near 10-Week Highs; Turkish Lira Tumbles – Reuters
The dollar steadied close to its highest level in ten weeks, with strong US wages data at the end of last week giving investors confidence that the Federal Reserve will hike rates in December and again after that.
HSBC Traders Used Code Word to Trigger Front-Running, US Says
Top Headlines
HSBC Traders Used Code Word to Trigger Front-Running, US Says – Bloomberg
A group of HSBC Holdings currency traders in London and New York feverishly jumped ahead of a $3.5 billion client order after they were tipped off using the code words “my watch is off,” a US prosecutor told a federal judge.
Dollar Cements Gains After Rally; ECB Minutes Eyed
Top Headlines
Dollar Cements Gains After Rally; ECB Minutes Eyed – Reuters
The dollar edged higher against a basket of currencies as investors consolidated positions after a recent rise, with minutes from the European Central Bank’s latest meeting likely to be the key event of the day.
Sterling Strengthens After UK Services PMI Beats Expectations
Top Headlines
Sterling Strengthens After UK Services PMI Beats Expectations – Reuters
Sterling strengthened against the dollar and euro, after a survey of Britain’s dominant services industry showed growth sped up unexpectedly last month. Read More
Euro Slides to Six-Week Low as Catalonia Vote Weighs
Top Headlines
Euro Slides to Six-Week Low as Catalonia Vote Weighs – Financial Times (subscription)
The euro dipped to a six-week low in Asia trading after Sunday’s historic independence vote in Catalonia continued to drag down the currency.
HSBC Fined by Fed for “Unsafe and Unsound” FX Practices
Top Headlines
HSBC Fined by Fed for “Unsafe and Unsound” FX Practices – Profit & Loss
The Federal Reserve Board has fined HSBC just over $175 million for the firm’s “unsafe and unsound practices” in its FX trading business.
Dollar Set for Best Weekly Gain in 2017; Euro Struggles
Top Headlines
Dollar Set for Best Weekly Gain in 2017; Euro Struggles – Reuters
The dollar is on track to post its best weekly performance so far this year as a bounce in US Treasury yields fuelled by the Trump administration’s tax plan triggered a shake out in multi-year short bets against the greenback.
Sterling Slips as Carney Says BoE Cannot Nullify Brexit Hit
Top Headlines
Sterling Slips as Carney Says BoE Cannot Nullify Brexit Hit – Reuters
Sterling slipped to a two-week low after the governor of the Bank of England said the central bank could not be expected to nullify the likely damage to the economy from Brexit. Read More
US Dollar Makes Broad Rise Ahead of Trump Tax Speech
Top Headlines
US Dollar Makes Broad Rise Ahead of Trump Tax Speech – Financial Times (subscription)
The US dollar pushed higher, rising against many of its developed market peers ahead of eagerly awaited remarks from Donald Trump on tax reform.