The pound tumbled to its lowest level in three decades amid mounting concern the UK is heading for a so-called hard Brexit that would restrict access to the European Union’s single market.
The first FX platforms to report their monthly trading volumes show that trading activity bounced back in September after a significant slowdown in August.
ADS Securities is set to pull back from London and downgrade its UK office to a regional base in a restructuring move that will see main functions moved back to the company’s headquarters in Abu Dhabi.
The yuan’s long-awaited inclusion in the Special Drawing Rights basket has not kept the currency from falling, owing partly to new data showing that central banks have not significantly boosted their yuan reserves despite the change in status.
Deutsche Bank’s huge derivatives book could cause a contagion effect and threaten markets “if concerns continue”, according to an analyst at JP Morgan.
Foreign-exchange traders suffering the worst losing streak on record are getting no help from the world’s most popular currency pair.
Japanese institutional investors are flocking to foreign bonds in a hunt for yield despite the growing cost of foreign-exchange hedges, which in turn has kept the yen from further strengthening against the dollar.
The idea of the Bank of Japan purchasing foreign bonds won’t go away, even after Prime Minister Shinzo Abe damped speculation about the possibility as recently as last month.
Releasing pent-up demand for international assets would raise domestic incomes, but only if the market is free to work.
Innovations to enable buy-side firms to become direct clearing members at central counterparty clearing houses are generating interest as banks increasingly call time on their clearing businesses.
EuroThinkTank, a group of economists and financial market experts, published a report that explains how an exit from a modern currency union should be handled.
A new coalition, called the Digital Currency and Ledger Defense Coalition, will help individuals facing legal concerns pertaining to digital currency and blockchain related cases.
US regulator’s enforcement moves come at end of federal fiscal year.
A promised regulatory crackdown on individual behaviour rather than headline-grabbing fines on companies is beginning to bear fruit, with the number of people banned from holding jobs in the City of London rising for the first time in four years.
Following the publication of the UK regulator’s consultation on unbundling, industry participants have noted its more ‘assertive’ stance on implementing the rules.
In deciding to target bond yields, Japan is deploying a monetary strategy to combat deflation used by its former enemy in World War II.
Important to take ‘currency-by-currency’ approach, Pimco says.
Citi is saying even shakier currencies such as the Turkish lira are worth buying in favour of the hobbled British pound.
The solution provides an easy to use, powerful and flexible solution for institutional traders.
The brokerage has added TRY/JPY and ZAR/JPY to its portfolio of tradable currency pairs.
Most emerging Asian currencies eased as solid US manufacturing activity backed expectations of a Federal Reserve interest rate hike before year-end, lifting the dollar and US Treasury yields.
The dollar rose against the yen and euro, boosted by some upbeat US economic news, while the pound wallowed near a three-decade low on concerns over a potential “hard Brexit” for Britain.
The Canadian dollar strengthened slightly against a firmer US counterpart as oil rose to its highest intraday level in nearly three months.
The ruble rose to near the strongest level in a year lifted by $50-a-barrel oil, prompting speculation Russian officials will talk down the currency’s gains in a bid to keep exports from becoming uncompetitive.