Search Results for: Pound
Accounting software firm plans to float on the London Stock Exchange
October 31st, 2016
FreeAgent, the Edinburgh-based provider of accounting software, has unveiled plans to float on the London Stock Exchange. Led by chief executive and co-founder Ed Molyneux – a former RAF fighter pilot – the company is hoping to join the ...
Market Volatility Has Currency Traders Abandoning a Tool to Stop Losses
October 30th, 2016
Some currency investors, worried that events such as the pound’s recent collapse could become more common, are abandoning an automated trading mechanism that was supposed to protect them from losses after big market swings. The trading mechanism, known as ...
Brexit: Nissan will bring production of its X-Trail vehicle to the U.K; 7,000 jobs are safe
October 29th, 2016
Nissan was a vocal opponent of Brexit and warned that the U.K.’s split from Europe could hurt the economy. That was then. Now Nissan is recommitting itself to Britain. The Japanese automaker, which operates the largest auto factory in ...
This is the darkest hour in global currency market that haunts currency traders
October 27th, 2016
In the global currency market, the darkest hour comes just as dawn is breaking in Asia and traders in Sydney are sipping their first flat white. Between the New York close and the start of trading in Tokyo, foreign-exchange ...
This Is What Gold Does In A Currency Crisis, Brexit Edition
October 27th, 2016
In June the UK shocked the world – or at least the world’s elites – by voting to pull out of the European Union. Economists predicted disaster, EU leaders threatened pain for British exporters and tourists, and the ...
BoE Carney Against Further Rate Cuts and Stimulus
October 26th, 2016
The British pound was falling versus its major peers on Tuesday, ahead of BoE Governor Mark Carney’s testimony before the House of Lords Economic Committee. The pound rebounded during the speech, as the Governor stated the market is “mistaken” ...
Crude prices push further below $50 on rising U.S. inventories, OPEC fears
October 26th, 2016
Oil prices were depressed in early Asian trade Wednesday, dragged lower by a sharp growth in the U.S. crude inventories and rising prospects that a production cut deal proposed by the Organization of the Petroleum Exporting Countries could sour ...
Dollar underpinned by Fed rate expectations, Aussie shines
October 26th, 2016
Underpinned by expectations U.S. rates will rise by the year-end, the dollar held steady in Asia trading on Wednesday, just below a near nine-month peak struck overnight, while the Australian dollar gained as inflation data doused chances of a ...
Asian Stocks Rise With Industrial Metals as Fed Bets Buoy Dollar
October 25th, 2016
Nidec, SK Hynix rally after earnings; Apple reports Tuesday Kospi drops as South Korea tourism threatened by China spat Asian stocks rose to a two-week high and industrial metals advanced, buoyed by a generally upbeat corporate earnings season and ...
European Property Investors shift in opportunities in smaller economies
October 24th, 2016
The European commercial real-estate market is shifting, with the hottest cities cooling off as investors’ interest in other locations grows. Real-estate markets throughout Europe saw investors pile in following the 2008 financial crisis. With the European Central Bank and ...
