The U.K. pound surged to a session high on Wednesday morning following better-than-expected jobs data and a business survey from the Bank of England that showed a muted impact from the country’s decision to leave the EU.
The U.S. Federal Reserve banned former UBS Group AG trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.
Britain will give up its planned presidency of the European Council, due to start in July 2017, to focus on negotiating the country’s exit from the European Union a spokeswoman for Prime Minister Theresa May said on Wednesday.
Implementation of a reformed Euro Interbank Offered Rate (Euribor) is expected to happen in the first half of 2017, according to the Financial Stability Board (FSB).
The introduction of a central bank digital currency (CBDC) could significantly boost gross domestic product, new research from the Bank of England suggests.
Turkmenistan, Central Asia’s biggest gas exporter, has restricted access to foreign currency for local companies and individuals in response to a sharp fall in export revenues, Turkmen businessmen say.
Turkey sent the U.S. documents Tuesday that Ankara says show a Muslim cleric living in Pennsylvania orchestrated last week’s attempted coup, as purges across Turkey broadened dramatically to include thousands of teachers, social workers and religious clerics.
The first legal challenge to the process of Brexit began Tuesday with a hearing in the U.K. High Court.
The UK’s Chartered Institute for Securities & Investments (Cisi) has published a guide to help firms meet the new European Securities and Markets Authority (Esma) regulations.
Electronic market-maker XTX Markets has appointed Chan Wai Kin as its new head of sales for Asia.
A fund aimed at opening the currency market to retail investors will bring Canadian Imperial Bank of Commerce into Canada’s exchange-traded fund industry for the first time.
Natasha Uberoi has left her position as director, FX sales, at Bats Global Markets in New York, according to market sources.
XTX Markets has joined Broadway Technology as a liquidity provider in foreign exchange, Broadway announces.
The strong-dollar problem for U.S. multinationals might, at long last, be fading away.That is one takeaway from Johnson & Johnson’s second-quarter results, out Tuesday.
The dollar hit a four-month high against a basket of currencies and rose against the yen on Wednesday, bolstered by strong U.S. data and growing expectations that the Federal Reserve may raise rates before the end of the year.
Australia’s biggest money manager says the nation’s currency may build on a seven-week winning streak to surge above 80 U.S. cents this year.
The Russian rouble opened flat against the dollar on Wednesday, eyeing lower oil prices and comments by President Vladimir Putin about the risks of a stronger currency.
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