Search Results for: Pound
Eurozone economic recovery picking up despite Brexit, PMIs show
August 23rd, 2016
The eurozone’s economic recovery gained speed in August, according to surveys of purchasing managers that provide fresh evidence of the currency area’s resilience in the wake of the U.K.’s decision to leave the European Union. In advance of the ...
The Odds of a Global Food Crisis Are Rising
August 22nd, 2016
The vulnerability of global food production to extremes of weather is a profound reality that few grasp. Given the current abundance of food globally, confidence in permanent food surpluses and low grain prices is high. Few worry that the ...
Citi Sees Yen at 95 Per Dollar as Intervention Fears Recede
August 22nd, 2016
Yen strengthened beyond 100 last week for second time in 2016 ‘There’s not a great deal of fear’ of intervention, Elmer says The yen will probably climb to a three-year high of 95 over the next month as Japan ...
EuroFX: How British Firms Built a Pyramid Scheme in China That Lost Millions
August 19th, 2016
The foreign exchange fraudsters hid in the cracks between international jurisdictions. As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. Byrne, 52, is a British ...
Yen’s World-Beating Surge to 100 Has Traders in Buy-on-Dip Mode
August 19th, 2016
Dollar will lack trend until Fed keeps raising rates: Shinkin Options show traders remain bullish on Japanese currency Any lull in the yen’s rally past 100 per dollar is being seen as a buying opportunity for Japanese investors who ...
Panic dominates among currency traders in Egypt following parliament’s decision for tough punishments
August 16th, 2016
Employees in exchange companies in the informal market express concern, outrage over parliament’s recent decision to crackdown on currency traders A state of panic has broken out among exchange companies trading the US dollar following parliament’s decision on Thursday ...
The US dollar could stay stuck in a rut until after November
August 16th, 2016
The U.S. dollar is stuck in a rut, and it could stay there for a while. Dollar bulls have been falling by the wayside this summer, as the U.S.Federal Reserve looks further away from tightening its monetary policy. The currency also runs ...
Gold finishes lower as stocks rally, dollar strengthens
August 12th, 2016
Gold futures surrendered earlier gains to finish lower on Thursday as strength in the U.S. stock market and the dollar offset support from a report showing strong investment demand for precious metals in the first half of 2016. December ...
London no longer world’s most expensive city
August 8th, 2016
The British capital now ranks third behind New York and Hong Kong as the cities with the highest property values, according to luxury real estate broker Savills. The falling pound has accelerated the cooling real estate market following the ...
Dollar steady, sterling waits for BoE rate cut decision
August 4th, 2016
The dollar held steady above a recent six-week low on Thursday, while sterling stayed in a tight range with expectations running high that the Bank of England will cut interest rates for the first time since 2009 in a ...
