Sterling Holds Breath Before Historic Bank of England Decision – Reuters

Sterling steadied, consolidating some chunky gains this week especially against the euro, before a historic Bank of England policy decision where it is widely expected to raise interest rates for the first time in nearly a decade.

Rookies and Robots Brace for First UK Rate Rise Since 2007 – Reuters

Financial markets braced this week for what could be the Bank of England’s first rate rise in a decade – a step into the unknown for a generation of young traders who started work after 2007 but also for the state-of-the-art technology they use.

Dollar Stays Under Pressure on Latest Fed Chair Talk – Financial Times (subscription)

There is no escape from the influence of central banks on the FX market – at least for the time being.

People’s Bank of China Seen Supporting Yuan Around Trump Visit – Reuters

China is leaving nothing to chance during next week’s visit by US President Donald Trump, and will likely fortify the value of the yuan – a regular target of attack during last year’s campaign for the White House.

Bank of England Warns City Could Lose 10,000 Jobs on Day One of Brexit – Financial News

Head of the Prudential Regulation Authority reiterates it is realistic to assume 75,000 jobs could go in the long-term.

FSB Investigates AI and Machine Learning – Profit & Loss

The Financial Stability Board (FSB) has published a report that considers the financial stability implications of the growing use of artificial intelligence (AI) and machine learning in financial services.

Randy Kroszner Sees Central Banks’ Influence Fading – Investment Magazine

One-time United States Federal Reserve board member Randy Kroszner has no regrets about the decision to slash rates and implement quantitative easing during the global financial crisis, but he warns the era of all-powerful central banks is over.

Bitcoin Futures May Be Coming, But a Bitcoin ETF Is No Lock – Wall Street Journal (subscription)

SEC’s opposition to bitcoin ETF proposals suggests bitcoin futures would need to build up a trading history before an ETF can be approved.

Time for a Systemic Risk Redux – Markets Media

Over the past decade, financial regulators have pushed for the reduction in systemic risk in the global markets but there is still much to do, according to academics.

Take the Spotlight Asia Survey – Profit & Loss

The latest P&L Survey is online ahead of our Asian conference swing starting Thursday November 9 in Singapore, through Tuesday November 14 in Hong Kong, ending in Shanghai on Thursday November 16.