Search Results for: Pound
Euro Near Eight-Month Low as Short Bets Surge
August 4th, 2014
The euro was 0.4 percent from its lowest level versus the dollar since November as investors held the largest position in two years betting on a drop in the currency before the region’s central bank meets this week. Europe’s ...
Technical Analysis GBP/USD targets monthly S1
August 4th, 2014
Technical Analysis GBP/USD for August 4, 2014 Pair’s Outlook The Greenback underperformed relative to most of its main counterparts last Friday, but it nonetheless managed to gain more ground against the Sterling. If this tendency continues, the support at ...
British Fraud Office conducts Second Settlement in Inquiry Over Icelandic Bank
July 31st, 2014
Britain’s Serious Fraud Office said on Thursday that it had reached a second settlement in a series of civil claims brought by two brothers after a flawed investigation into the collapse of the Icelandic bank Kaupthing during the financial ...
FCA reports that firms fail to deliver best execution
July 31st, 2014
The Financial Conduct Authority (FCA) has released a review setting out some major points, highlighting the fact that most firms fail to properly apply the rules on best execution when trading on their behalf Looking at 36 firms the FCA ...
Technical Analysis GBP/USD tries to find support at 1.69
July 31st, 2014
Technical Analysis GBP/USD for July 31, 2014 Pair’s Outlook There still seems to be a small chance for the Sterling to avoid further depreciation, as it is currently facing a number of strong supports. Apart from a long-term rising ...
EU court to decide on tax-free trading of bitcoin
July 30th, 2014
Tax-free trading of bitcoin is on legal questioning at the European Union’s top court following Swedish authorities request to extend existing levies to virtual currencies. The EU Court of Justice must decide if transactions between virtual and traditional currencies ...
NHS accountant jailed over £2m fraud
July 30th, 2014
The former head of financial accounting at two NHS trusts has been jailed for stealing £2.2m of NHS funds, which he used to buy a portfolio 11 properties in Sussex and London. Trevor Barry Cosson (38) defrauded the cash ...
Barclays gains Profit But Investment Banking Revenue declines
July 30th, 2014
Barclays said on Wednesday that it had swung to a profit in the second quarter, but that it was hurt by lower revenue in its investment banking unit and by higher provisions for improperly sold insurance. The British bank ...
Amazon to invest $2 billion more in India
July 30th, 2014
Amazon.com Inc (AMZN.O) announced that is planning to invest a further $2 billion in India just a day after the country’s largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce ...
Economic sanctions on Russia from EU and U.S.
July 30th, 2014
EU governments have agreed to impose sweeping sanctions on Russia, targeting state-owned banks, imposing an arms embargo and restricting sales of sensitive technology and the export of equipment for the country’s oil industry, in response to Moscow’s continued backing ...
