Governor sees role helping economy through Brexit in move that will defy Tory critics.
The publishing of a Q&A paper by the European Securities and Markets Authority last week regarding its Market Abuse Regime has triggered some nervousness in foreign exchange markets.
The pound’s reaction to the report on gross domestic product provided an insight into currency traders’ attitude toward Brexit.
In a move that could see sterling open higher against the euro and the US dollar, Greg Clark revealed more details on May’s negotiation target for Brexit.
The dollar recovered some ground after a Friday night slide following news that the FBI was investigating newly discovered emails related to Hillary Clinton’s private server, knocking her back in the latest polls of voters.
An investigation first reported by Profit & Loss nearly a year ago has returned to the spotlight with a report the US inquiry into spoofing by the three major inter-dealer brokers has been broadened.
New research by Pragma Trading shows that while the situation has eased, there is still a degree of predictability around the direction of the London 4pm WM/Reuters Fix.
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November.
Currency-focused funds tracked by a Parker Global Strategies index are on pace for a 1.6% return this month, halting the longest losing streak since at least 2003.
Egypt has reached a $2.7 billion currency swap agreement with China, moving closer to mustering the outside financing needed to win final approval of a $12 billion International Monetary Fund loan.
The increased use of algorithms in foreign-exchange trading is expected to be a long-term boon for pension fund executives seeking better execution and lower transaction costs, but in the short term the algorithms could cause market volatility that might affect investors’ costs and returns.
Structural problems in the UK economy mean Britain is in no way poised to exploit the opportunities of the fall in sterling.
The recent downward spiral of the British pound tells us, in a world of large economic zones and global interdependence, it is hard to make it alone, and it is sometimes harder to get along with others in a group.
Some parts of the FX market are now suffering from blockchain fatigue.
A US banking regulator has unveiled a broad innovation policy aimed at regulating startups working with blockchain and other fintech.
Oman is not one of the countries pushing for a common currency, yet serious measures are being studied to achieve this initiative.
Indonesia’s central bank told banks to attach an underlying document for any large outgoing transfer of foreign currencies starting in November.
Filings and regulatory reviews likely will have the acquisition finalized in the first half of next year.
The broker’s data arm aims to become a hub for data on digital, as well as traditional, currencies.
Most emerging Asian currencies edged up as the dollar retreated after news that the FBI will review more emails related to US Democratic presidential candidate Hillary Clinton’s private email server.
Australian inflation takes shine off the Aussie currency ahead of the interest rate cut decision in the policy meeting this coming week.
China’s yuan firmed after the central bank set the daily midpoint fixing at the strongest pace in more than a month, but the Chinese currency is still poised for a nearly 1.5 per cent loss against the dollar this month.