Struggling sterling steadied just above $1.29, with weaker-than-expected numbers from Britain’s dominant services industry adding to a downbeat run of data that has seen the pound lose almost three percent versus the dollar in the past month.
Brexit has taken a back seat for traders and fund managers trying to predict the pound’s outlook over the next few months.
The Bloomberg Dollar Spot Index dropped for a third day as investors sought the safest currencies amid heightened geopolitical concerns over the Korean peninsula.
The euro extended gains on growing expectations that any concerns the European Central Bank flags about its strengthening at a meeting this week will have a limited impact.
Euro rally could mean investors will have to wait longer for signs on QE’s demise.
European leaders just as divided as UK over how departure should look.
Hong Kong and Singapore are seeking to snare a bigger share of the $540 trillion global derivatives business, taking advantage of tough new UK and European banking rules and uncertainty created by Britain’s plans to leave the European Union.
A former Barclays trader jailed for attempting to manipulate the interest rate benchmark Libor last year has warned such scandals will happen “again and again” unless rules over bad behaviour are made clearer.
If you’re thinking about a fintech business or cryptocurrency for American markets, Jeffrey Bandman is the blockchain oracle of your wildest dreams.
The Trump administration is examining the use of the designation for large non-bank financial institutions, with a closely anticipated Treasury report on the matter expected next month.
White House adviser says he’s “excited” about current post.
Chairman Clayton now has twelve members on his executive team, advising him on “all matters”.
The regulator wields enormous power over the securities industry with little meaningful oversight.
The R&D unit of the Reserve Bank of India is preparing to launch a banking platform based on blockchain technology.
Liquidnet has published the high level findings of a recent survey of asset management firms that probed their views of best execution requirements under MiFID II.
LCH says that its ForexClear service processed over $1 trillion in notional over the course of August, setting a new monthly record.
Nippon Life Securities has become the first Japanese non-bank financial institution (NBFI) to join the CLS system via third-party access.
Abu Dhabi-based ADS Securities announces the introduction of bitcoin CFD trading for Middle East and North Africa (MENA) clients using its MT4 platform.
Most Asian currencies edged up as a bit of appetite for risk returned one day after trading volumes were slashed by North Korea’s most powerful bomb test.
Offshore currency rose 14 days in record rally.
Bitcoin dropped again, with the cyber currency facing its worst two days in more than a month amid mounting anxiety over a regulatory decision by China.