Sterling Steadies After Supreme Court Decision
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Sterling Steadies After Supreme Court Decision – Profit & Loss
The UK Supreme Court has decided, by a majority verdict, that the UK’s parliament must approve the government’s decision to trigger Article 50, which formally starts the process for Britain to exit the European Union.
Dollar Drops as Trump’s ‘America First’ Speech Unnerves Traders
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Dollar Drops as Trump’s ‘America First’ Speech Unnerves Traders – Bloomberg
The dollar extended losses when Donald Trump’s inauguration speech offered scant details on his fiscal policies while emphasizing an “America first” approach to foreign policy, spurring concerns of rising trade protectionism.
Dollar Dips Ahead of Trump Inauguration
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Dollar Dips Ahead of Trump Inauguration – Financial Times (subscription)
Donald Trump will be sworn in on Friday as the 45th president of the United States of America and investors are waiting to see if the property mogul’s fiscal pledges can boost the world’s biggest economy and what further impact that will have on markets.
Lone Republican Commissioner Looks to Head CFTC
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Lone Republican Commissioner Looks to Head CFTC – Financial Times (subscription)
The sole Republican commissioner at the main US derivatives regulator has thrown his hat in the ring to be appointed the next chairman, even as he embraced aspects of financial reforms that Donald Trump’s team wants dismantled.
Ex-Traders in Singapore Guilty of Cheating Deutsche Bank, HSBC
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Ex-Traders in Singapore Guilty of Cheating Deutsche Bank, HSBC – Bloomberg
Two former currency traders from Deutsche Bank and HSBC Holdings were convicted of cheating the banks by making false trades.
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SEFCON VII Headlines CFTC, Congressional Speakers
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SEFCON VII Headlines CFTC, Congressional Speakers – Profit & Loss
As the US prepares for the inauguration of Donald Trump as President on Friday, tomorrow at SEFCON VII industry leaders will take a look at the incoming Trump Administration: Join your swaps industry peers at SEFCON VII to hear directly from many of 2017’s newsmakers, representing a unique roster of speakers from across the regulatory, legislative, banking and buy side sectors. Read More
Pound Sterling Hits New 31-Year-Low Ahead of Theresa May’s Brexit Speech
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Pound Sterling Hits New 31-Year-Low Ahead of Theresa May’s Brexit Speech – Independent
The currency slumped to more than a three-decade low, excluding the flash crash on 7 October.
Citi Foreign Exchange Dealer Pleads Guilty to US Rate-Fixing Charge
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Citi Foreign Exchange Dealer Pleads Guilty to US Rate-Fixing Charge – Reuters
A foreign exchange dealer for Citigroup who specialized in central and eastern European, Middle Eastern and African currencies has pleaded guilty to conspiring to fix currency prices. Read More
Trump Policy Vacuum Sends Dollar Skidding Lower
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Trump Policy Vacuum Sends Dollar Skidding Lower – Reuters
The dollar sank to a five-week low below 114 yen and was on course for its worst week since November, hit by a loss of confidence in the US reflation trade which has dominated markets since Donald Trump’s election.
Cartel Members Indicted in US
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Cartel Members Indicted in US – Profit & Loss
The US Department of Justice has announced that a Federal grand jury has returned an indictment against three members of the infamous Cartel chat room that allegedly conspired to manipulate FX markets.