BIS to Hear Initial Verdict on Sterling Crash in November
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BIS to Hear Initial Verdict on Sterling Crash in November – Reuters
Central bank officials looking into the factors behind the dramatic fall sterling took on October 7 will make an initial report to the Bank for International Settlements in early November, sources with knowledge of the investigation said. Read More
Mexico Peso Reaches Six-Week High After US Presidential Debate
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Mexico Peso Reaches Six-Week High After US Presidential Debate – Bloomberg
Mexico’s peso reached a six-week high in a signal that Hillary Clinton held on to her advantage over Donald Trump in the final US presidential debate. Read More
Goldman Sachs Joins the Trading Party
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Goldman Sachs Joins the Trading Party – Bloomberg
Banks with big trading desks have reported huge year-over-year gains in revenue from fixed income, commodities and currencies. Read More
Thomson Reuters Sees Sterling Volumes Boost from Flash Crash
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Thomson Reuters Sees Sterling Volumes Boost from Flash Crash – Profit & Loss
Thomson Reuters says its sterling volumes trebled on October 7, the day of the Cable flash crash which saw the pair drop from above 1.25 to blow 1.15 before recovering to 1.24.
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Euro is a ‘House of Cards’ Ready to Collapse, Key Single Currency Architect Warns
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Euro is a ‘House of Cards’ Ready to Collapse, Key Single Currency Architect Warns – Independent
Professor Otmar Issing, the European Central Bank’s first chief economist who helped create the single currency at the turn of the century, has warned that the euro cannot survive in its current form.
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CFTC Extends $8bn Swap Dealer Threshold
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CFTC Extends $8bn Swap Dealer Threshold – Profit & Loss
The US Commodity Futures Trading Commission has extended the current swap dealer registration de minimis threshold phase-in termination date until December 31, 2018. Read More
US Dollar Charges to Seven-Month Peak as Fed Minutes Show It is Close to Hiking Rates
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The dollar reached its highest level since March as minutes from the Federal Reserve’s September meeting showed several policy makers said a US rate increase was needed “relatively soon.”
Pound at Weakest Level in History Against Currency Basket
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Pound at Weakest Level in History Against Currency Basket – Wall Street Journal (subscription)
The British pound touched a historic low against a basket of currencies on Tuesday, according to Bank of England data released Wednesday morning. Read More
Sterling Falls After Leaked Papers Suggest Leaving Single Market Could Cost UK £66bn a Year
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The pound has fallen to its weakest level since the financial crisis broke out as worries persist over UK’s economic prospects outside the EU.
Mexico Peso Trades at One-Month High After Presidential Debate
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Mexico Peso Trades at One-Month High After Presidential Debate – Bloomberg
The Mexican peso traded at a one-month high after Hillary Clinton and Donald Trump exchanged barbs in the second US presidential debate.