The dollar inched higher against a basket of major peers as data showing slower US jobs growth did little to dent expectations for further Federal Reserve interest rate increases this year.
Sterling edged down against the dollar as investors eyed a reshuffle of Britain’s cabinet, though most said that bar any major surprises, the changes would be unlikely to significantly move the pound.
Hedge funds and other speculators are betting on further gains for the euro after the common currency enjoyed its performance since 2003 last year.
UK capital has the technology and staffing in place, not to mention English law.
The way the EU has handled negotiations so far is a sure sign that financial services can expect difficulty in maintaining single market access.
The bank itself says it isn’t, and it may not ever have planned to.
Hopefully this is just a reflection of the first week of the year being short, but there seemed to be sufficient news out to trigger some volatility in FX markets and what we saw was… nothing.
Sweden’s financial regulator has followed its peers in Germany, the UK and France in dishing out a late reprieve to Nasdaq, its main futures exchange, from applying key parts of the new Mifid II legislation.
The head of the UK’s Financial Conduct Authority talks about the changing shape of the organisation, including plans to boost diversity.
The then Fed leader said lapses were ‘damaging to the reputation and credibility’ of the central bank.
The Dodd-Frank Act gets more attention when it comes to regulatory burden, but the Bank Secrecy Act and other anti-money-laundering statutes arguably present even more of a compliance challenge for bankers.
Profit & Loss understands that Chris Cox has left the Bank of England and is joining BNP Paribas in London.
Buy side’s desire for lighter-touch trading of interest rate swaps propels Tradeweb to top spot by volume.
Country is turning into a development hub for virtual currencies and blockchains.
The won swung to a loss as the South Korean government warned about the currency’s ascent, the latest Asian nation to push back against foreign-exchange strength as investors jump on emerging-market assets.
Most emerging Asian currencies traded within a tight range, as positive sentiment towards them from a rise in global risk appetite was somewhat offset by a recovery in the US dollar.