The pound surged more than 2% on Thursday as Prime Minister Boris Johnson’s Conservative Party won a resounding election victory that markets believe makes an orderly British exit from the European Union all but certain.
- Investors Cut Pound Weakness and Rate Cut Bets After Johnson’s UK Election Win – Reuters
- British Vote Is Likely to Bring Brexit, but Not End Brexit Divisions – Wall Street Journal
- Brexit Will Now Happen but Boris Johnson’s Win Puts Future of the UK In Doubt – Financial Times
- The Dream is Dead: Johnson Election Triumph Breaks UK ‘Remainer’ Hearts – Reuters
- FX Liquidity Holds Up Well as UK Exit Poll Surprises – Profit & Loss
- Sterling Jumps on UK Poll – More to Come? – Profit & Loss
President Donald Trump has signed off on a phase-one trade deal with China, averting a Dec 15 introduction of a new wave of US tariffs.
- China to Buy $50 Billion in US Farm Products in Return for Tariff Concessions – Reuters
- China’s Yuan Rises Most in a Year as Trump Approves Trade Deal – Bloomberg
Christine Lagarde set out her vision for the European Central Bank after her first rate-setting meeting as president, committing to maintain her predecessor Mario Draghi’s ultra-loose policy while sounding a more upbeat economic tone.
- Christine Lagarde Begins to Chart a Course at the ECB – New York Times
- Markets Welcome Christine Lagarde’s First ECB Policy Meeting – Wall Street Journal
After three interest rate cuts and a fresh round of record highs for US stock markets, has President Donald Trump lost interest in the Federal Reserve?
Policymakers should not lose sight of the fact that a central bank’s main job is to maintain financial stability, as lender of last resort
The Federal Reserve Bank of New York has announced new senior leaders for its Markets and Financial Services Groups.
Following the UK election, opinion is firming that ex-BoE Deputy Governor is in line to succeed Mark Carney.
The EU has confirmed it will grant the derivatives industry more time to prepare for a potential no-deal Brexit, saying that emergency access to crucial UK market infrastructure would last for one year after Britain drops out of the bloc.
The former deputy governor of the Bank of England has issued a warning to CCPs on the possibility of failure.
The US derivatives regulator will remove barriers to Libor transition as the chairman warns of risk of inaction.
The dynamism of the digital asset space looks very much like the FX industry of yesteryear and as institutional-grade technology is changing markets.
The Basel Committee on Banking Supervision has started a consultation process on the regulatory treatment of crypto assets by publishing a discussion paper on the design of a prudential treatment of these assets.
A closer look at Bitcoin holdings data shows a potentially troubling trend among the anonymous accounts — increased consolidation among large owners.
Announced with a fanfare in June, Libra has rapidly become the benchmark for governments’ attitudes to crypto assets.
BitMex, one of the world’s most popular cryptocurrency exchanges, and founder Arthur Hayes are being sued for $300 million for allegedly stiffing an early investor.
The president of the European Central Bank, Christine Lagarde, said that the financial institution should be ahead of the curve regarding the demand for stablecoins.
360T has launched a fully automated FX swaps limit orderbook with mid-rate matching capability, called 360TGTX MidMatch.
Banks are stress testing the possibility that Hong Kong’s currency could decouple from the US dollar following a surge in options bets against the peg.
Around 40 Barclays employees are moving to GTS after the electronic market maker agreed to buy the UK lender’s options trading business.
A major Chinese commodities trader became the biggest dollar bond defaulter among the nation’s state-owned companies in two decades, in a moment of reckoning for Beijing as it struggles to contain credit risk in a weakening economy.
It started last Friday, with a blowout US jobs report that beat all expectations. Then in quick succession late Thursday investors got news that guns will be holstered in the US-China trade war, and that Britain is lifting itself out of the quagmire of a hung parliament.
Japanese big manufacturers’ business mood was at its bleakest in nearly seven years in the fourth quarter, a closely watched central bank survey showed, as the U.S.-China trade war and soft global demand weighed on the export-reliant economy.
The Federal Reserve Bank of New York said it is again increasing the scope of liquidity operations it is willing to offer financial markets to ensure money-market rates remain relatively calm over an uncertain year-end.
In a matter of months, markets have swung from pessimism about the global economy to optimism, but Europe’s economy remains weak and, with an impending presidential election, it is too soon to say if the US economy is out of the woods.
The Reserve Bank of Australia admits part of its move in reducing interest rates to a record low 0.75 per cent has been to offset any appreciation in the Australian dollar driven by reductions in cash rates by other central banks.
JPMorgan Chase & Co. is recommending a risk-on investment allocation for 2020 as the global economy gathers momentum in the wake of the slowdown of recent months.