Search Results for: Pound
Swiss Franc Falls Against Most Majors
December 31st, 2014
The Swiss franc weakened against most major currencies in the Asian session on Wednesday. The Swiss franc fell to nearly a 2-week low of 1.5397 against the pound, from yesterday’s closing quote of 1.5382. Against the euro and the ...
Currencies: The Best and the Worst investment in 2014
December 30th, 2014
Best: The U.S. Dollar Every major currency fell against the U.S. dollar in 2014. The euro dropped 11%, the Japanese Yen fell almost 12% and the British pound dropped 5.6%. Of non-U.S. currencies, the Indian Rupee did best, down ...
Gold slips into another holiday week
December 29th, 2014
Gold prices stagnated on Monday, drifting slightly higher after putting in some wide swings during Christmas week. At last check, gold for February delivery GCG5, -0.16% was up 40 cents to $1,195.80 an ounce. Silver for March delivery SIH5, ...
DGCX launches three new Emerging Market currency futures
December 29th, 2014
Expanding its suite of Emerging Market (EM) products, the Dubai Gold and Commodities Exchange (DGCX), today announced the launch of three new currency contracts – Russian Ruble Futures, Korean Won Futures and South African Rand Futures. The new contracts ...
Company not registered with the CFTC as a Retail Foreign Exchange Dealer ordered to pay over $2.5 Million in Monetary Sanctions
December 17th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) today announced that the Honorable Ronnie L. White of the U.S. District Court for the Eastern District of Missouri entered a Consent Order for permanent injunction against Defendants Daniel K. Steele and ...
DGCX Gold Futures climb 22 per cent in November
December 16th, 2014
November volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 19 per cent from the same period last year, trading 981,925 contracts, valued at $28.5 billion. DGCX’s flagship contract, Gold Futures traded 46,066 contracts in November, recording a ...
Two decades after the peso crisis, Mexico faces new shocks
December 12th, 2014
MANY factors contributed to Mexico’s “tequila crisis” in 1994, but two stood out: tighter monetary policy in the United States and political instability at home. Almost exactly 20 years later, the same forces are again weighing on the currency, ...
HSBC sets aside head of European forex trading
December 11th, 2014
HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market. The bank is understood to have “let go” Stuart Scott on Tuesday following ...
Rolls-Royce Initiates Share Buyback Programme – Quick Facts
December 10th, 2014
Rolls-Royce Holdings plc (RYCEF.PK,RR.L,RYCEY.PK) announced that it has put in place a programme to enable the purchase of its ordinary shares. The first 250 million pounds tranche will be a non-discretionary programme and is irrevocable, when the company is ...
Watchdog reshuffle: Zitah McMillan and Victoria Raffe set to leave FCA ahead of Davis report
December 9th, 2014
A drastic shakeup of top positions at the City’s main financial watchdog was announced yesterday, ahead of tomorrow’s release of a damning report on failings at the regulator. The Financial Conduct Authority (FCA) confirmed that executives Zitah McMillan and ...
