Search Results for: Sterling
Bank of England increased interest rate
November 3rd, 2017
The Bank of England has issued an announcement to inform public about its monetary policy decision to increase interest rate to 0.50%. According the announcement: The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% ...
How the Bank of England could surprise currency traders on Thursday
November 2nd, 2017
Market expectations indicate a 90 percent chance that the BOE will announce a rate hike Thursday Market expectations project only one rate hike in 2018, but if inflation remains above the bank’s 2 percent target, the BOE could be ...
Former HSBC Executive Found Guilty of Fraud in $3.5 Billion Currency Trade
October 24th, 2017
A U.S. jury on Monday found former HSBC executive Mark Johnson guilty of defrauding Cairn Energy (CRNZF, +0.00%) in a $3.5 billion currency trade in 2011. U.S. prosecutors have said that Mark Johnson, formerly head of HSBC’s global foreign ...
Dollar dips into the red, as euro climbs higher
October 19th, 2017
The U.S. dollar dipped into negative territory against its major rivals Wednesday, eclipsing gains from earlier in the session and snapping a four-day winning streak. Where currencies are trading The ICE U.S. Dollar Index DXY, -0.03% which gauges the ...
IMF Head: Cryptocurrency Could Be the Future
October 3rd, 2017
Christine Lagarde sees a path ahead for cryptocurrency. The managing director of the International Monetary Fund, or IMF, talked up the potential of virtual currencies to supplant traditional monies in coming decades on Friday. Cryptocurrencies, or virtual currencies, are ...
The forthcoming global crisis
September 22nd, 2017
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to the crisis phase of the credit cycle. Most national economies are directly boosted by China, ...
Bank of England announced Bank Rate held at 0.25%
September 15th, 2017
The Bank of England has issued a press release to announce monetary policy summary. According the announcement: The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that ...
Dollar buoyant against yen, pound hits 1-year high on inflation jump
September 13th, 2017
The dollar was buoyant against the yen on Wednesday, although it was capped against the euro with a potentially supportive spike in U.S. yields neutralised by a similar move by their German counterparts. Dollar/yen extends rally, hits 12-day high ...
Here’s How the Euro Is Likely to Fare Against World Currencies
August 18th, 2017
Don’t get distracted by Thursday’s ECB-driven slump: the euro has been redrawing the global currency map on its journey to multi-year highs. No wonder policy makers are starting to fret. Even after today’s declines, Europe’s growth story and the ...
Safe-haven currencies rise as North Korea tensions brew
August 10th, 2017
Traditional safe-haven currencies including the Swiss franc and Japanese yen rose on Wednesday, boosted by worries about increased tensions between the United States and North Korea. The greenback slipped 0.83 percent to a near two-week low against the Swiss ...
