A UK appeals court judge has decided that former JP Morgan FX salesperson Patrice Ktorza’s case must be reheard by an employment tribunal.
Sterling dipped below $1.26 for the first time in more than two months, deepening this week’s losses on signs that Prime Minister Theresa May is still struggling to find the support she needs for her government in parliament.
- Pound Suffering from Heat Stroke; Under $1.26 – Financial Times (subscription)
- Carney Speech Prompts Sterling Slide – Profit & Loss
The dollar edged back from one-month highs against a basket of currencies as a tumble in crude oil prices pushed down US yields, while the pound wobbled near a two-month low after Bank of England Governor Mark Carney shot down hopes of a British interest rate hike.
You may think the reflation trade is dead. Actually, it’s simply traveled across the Atlantic.
Most major currencies were handing in a muted performance in Asia, although the Japanese yen was a standout performer.
How the FX Global Code is Bringing Back Ethics – FX-MM
The introduction of an industry-wide set of guidelines means that FX participants are getting a crash course in ethical behaviour.
Speaking at the Commodity Futures Trading Commission’s (CFTC) Market Risk Advisory Committee (MRAC) meeting in Washington, a range of market participants weighed in on the expected impact of Britain’s exit from the European Union.
A year after Nigeria scrapped a currency peg that sent foreign investors fleeing, it’s still battling to entice them back.
Sharon Bowen is leaving her position as a Commissioner at the US Commodity Futures Trading Commission (CFTC).
Benoit Coeuré says eurozone supervision needed to guard against financial panic.
- Acting CFTC Chief Cautions EU on Brexit-Related Clearinghouse Moves – Wall Street Journal (subscription)
Europe’s regulatory watchdog has ruled out any additional ‘phase-in’ period for banks and asset managers to move their OTC derivatives to electronic trading platforms under MiFID II.
Firms have been warned by the FCA to apply now to ensure application is processed by 3 January 2018.
BIS, the Basel-based central bankers’ bank, isn’t ready to call an end to financial globalization.
Brockett has become a kind of securities watchdog-for-hire, a role that could grow even more prominent in the anti-regulatory era of President Donald Trump.
Cürex Group is introducing microsecond timestamp confirmations for its clients’ trading activity.
A calcifying rift in the bitcoin world is pitting two camps with competing visions for what the virtual currency should be against each other, accentuating the volatility that has come to define this market.
Companies recognise that the technology has yet to be adapted for the real world.
Commodity-linked currencies such as the Canadian dollar and the Norwegian crown were on the back foot, dragged lower by declining oil prices, while sterling wallowed near two-month lows.
The Australian dollar is sharply down against its US counterpart as the greenback lifts against most currencies, except the yen and the kiwi dollar, in a lively session.
The Romanian leu hovered near 4½ year lows as Prime Minister Sorin Grindeanu faced a no-confidence vote in parliament.