Sterling jumped almost 100 pips today after the British High Court ruled that the UK parliament must vote on Brexit before it is formally triggered by Article 50.
- EUR/GBP Slumps Sharply on High Court Brexit Ruling and BoE Minutes – Euro Exchange Rate News
- Currency Markets Get Brexit Wrong Again – MarketWatch
A handful of currencies have moved sharply following the release of poll results showing Donald Trump has narrowed his gap in the US presidential election to Hillary Clinton.
- Dollar Skids on US Election Jitters, With Jobs Data Ahead – Reuters
- The Mexican Peso is Surging – Business Insider
- The USD/GBP Exchange Rate Falls on Election Jitters and Article 50 News – Exchange Rates
As the US enters the final week of a long and bitter election, and with the High Court throwing the UK’s Brexit plans into doubt, political uncertainty has been the chief driver of the currency markets.
The apparent calm in the Chinese real economy belies the storm in an imbalanced currency market, testing the People’s Bank of China’s appetite for intervention.
- China’s FX Reserves Likely to Fall Sharply in October on Rising PBoC Intervention, Stronger Greenback – EconoTimes
The yuan’s next milestone may usher in a more challenging period.
Bats’ Hotspot venue remained strong in the global FX market with its share reaching 12.4% versus 11.6% in Q2.
Derivatives prime brokers are feeling increased pressure from clients to increase their services, as hedge funds pursue strategies targeting multiple asset classes.
Sweden’s crown became the world’s second-worst performing currency in October behind sterling, with analysts lambasting the country’s central bank and telling CNBC that it was supporting a “zombie landscape”.
The Czech central bank reiterated it expected to scrap its cap on the crown exchange rate around mid-2017 when inflation is expected to pick up enough to meet the bank’s two percent target.
If Egypt can learn anything from emerging markets that have abandoned control of their currencies, it’s that a half-hearted approach is bound to fail.
Broker in a box is promoted as a means of taking the pain out of establishing a regulated FX brokerage, but choosing the wrong approach and/or provider runs the risk of limiting the growth potential of the business from the outset.
Bitcoin has locked step with gold and taken to the skies as uncertainty about the US election increases volatility in global markets.
Depending on who occupies the White House and which party controls the Senate, the SEC nomination could spark a fight.
The European Union is raising the pressure on global banking regulators to ease proposed capital rules in an effort to protect lenders and the economy from major new costs.
Regulator responds to futures industry backlash over ‘source code’ access.
Tensions between the main US derivatives regulator and its employees are rising as labor negotiations over working conditions have stalled.
Banks are not investing enough in technology despite a vast majority of surveyed firms expecting new regulation to have a dramatic effect on their businesses, a new study has found.
BestX, formed earlier this year, has released its first TCA product.
R3 has announced the inclusion of China Foreign Exchange Trade System to its blockchain consortium, in a move to design and apply distributed and shared ledger-inspired technologies to global financial markets.
Most emerging Asian currencies dipped to take back some of their weekly gains, hurt by a combination of unhelpful regional politics and lingering concerns about a contentious US presidential election race.
The Canadian dollar strengthened slightly against its US counterpart as risk appetite stabilized, but the loonie traded in a narrow range ahead of domestic employment and trade data on Friday.
Ghana and Uganda’s currencies are seen ceding ground to the dollar over the next week on the back of a typical seasonal surge in demand while Nigeria’s naira is seen holding steady, helped by a central bank intervention.