Phil Weisberg, managing director, global head of FX, rates and credit at Thomson Reuters, has left the firm.
For once, the pound is benefiting from increased political risk.
The good news about the US election is we are once again dealing with a “known-unknown” – we don’t know who will win but we know someone will.
The European Union’s battle over London’s financial services sector risks dragging an unexpected player into the fray: Uncle Sam.
Survey finds 72% of bankers in UK agree London will remain financial centre in Europe in wake of Brexit.
CME, EBS and FXSpotStream have all released October volume data, and, as was the case with the first group to report, the news is very mixed.
Research by East & Partners shows a decline in contributions to the FX spot market, particularly from Australian firms.
Revenue from trading bonds, foreign exchange and commodities jumped 42 per cent to EUR 687 million.
Chief economist David Folkerts-Landau says ECB has entered new dimension of moral hazard.
Bank Negara Malaysia is issuing a policy document on a proposed Code of Conduct for Malaysian wholesale financial markets “to uphold professionalism and integrity in the financial markets”.
Devaluation of pound meets IMF demand in exchange for USD 13 billion loan over three years to overhaul country’s ailing economy.
- Egypt Free Floats Its Currency, Devaluing It Against the Dollar – Wall Street Journal (subscription)
- Egypt Stocks Soar Most in World on Plans to Float the Currency – Bloomberg
It’s hunting season on Wall Street and the target is the elusive Black Swan.
Days after the launch of Zcash, the cryptocurrency markets are still attempting to value the newly released digital currency.
It has now been eight years since Bitcoin’s initial white paper was posted to the internet.
Rather than fearing disruption from Brexit the City should welcome the chance to escape the burden of “excessive” EU rules, according to Barney Reynolds, head of financial services at Shearman & Sterling law firm.
A new draft of proposed international bank regulation is unacceptable for Germany because the rules might restrict lending by the country’s banks, the head of Germany’s financial regulatory agency said.
Germany’s Deutsche Bank is among roughly a dozen large European lenders that face higher capital requirements when new banking rules come into force in the coming years, several sources familiar with the matter told Reuters.
Switzerland is aiming to reduce barriers to market entry for FinTech firms.
Central bank joins cohort of countries adopting the Chinese currency as a standalone asset.
FXCM has taken precautionary steps in anticipation of unexpected volatility in the markets ahead of the election.
Swift finds 57 countries have crossed the 10% threshold for direct payments in the renminbi.
China Foreign Exchange Trade System: “We have noticed that blockchain is an emerging technology with great promise”.
On the face of it, traders have any number of reasons to sell the ruble following its world-beating gain.
Most emerging Asian currencies gained due to a weaker dollar, but the neck-and-neck battle for votes in the US presidential race kept investors on edge and away from riskier assets.
With risk appetite somewhat limited by growing investor jitters, the pound was able to regain ground against the Canadian dollar, benefitting from fresh oil price softness.