Search Results for: Sterling
Dubai to overtake London as top pick for wealthy GCC investors
October 10th, 2016
Dubai’s property market is set to overtake the international destinations of London, New York and Singapore as the top choice for the GCC’s wealthiest investors next year, a report has found. The region’s high net worth individuals ($1m-plus) ranked ...
Asia Stocks Fall as Pound’s Flash Crash Supports Yen, Treasuries
October 7th, 2016
Sterling briefly sinks as much as 6.1%, most since Brexit Dollar gains as Fed rate-hike bets build before payrolls Asian stocks fell with U.S. equity index futures and the yen strengthened after a sudden plunge in the pound spooked ...
Pound Plumbs New 31-Year Lows Against Dollar
October 5th, 2016
The British pound continued to slump in trading Wednesday, touching fresh 31-year lows against the dollar, and a new five-year low against the euro. Sterling fell to as low as €1.1309 as markets opened in Europe, surpassing its 2013 lows and ...
Asian Stocks Rebound as Deutsche Bank Concern Ebbs; Pound Drops
October 3rd, 2016
German lender’s U.S. fine reported to be less than feared U.K.’s May says Brexit process to start by end of March Asian stocks rose and regional bonds fell as concern about Deutsche Bank AG’s finances eased after the lender ...
FOREX-Yen, Swiss franc near 1-month high vs dollar as risk sentiment sours
September 30th, 2016
Yen on course to post 3 straight quarters of gains Swiss franc hits one-mth peak vs dollar, 6-week high on euro Concerns about Deutsche Bank sour risk sentiment Sterling in longest losing quarterly streak since 1984 The Japanese yen ...
CFTC Expands Interest Rate Swap Clearing Requirement
September 29th, 2016
The U.S. Commodity Futures Trading Commission (Commission) today expanded the existing clearing requirement for interest rate swaps. The Commission voted unanimously to approve an amendment to Commission regulation 50.4(a) that establishes a new clearing requirement determination. The new clearing ...
Dollar sways versus yen and euro, U.S. presidential debate awaited
September 26th, 2016
The dollar wobbled against the yen and euro on Monday, cautiously held in a narrow range ahead of the impending first debate between U.S. presidential candidates that could determine the currency’s near-term direction. The greenback was off lows versus ...
Bank of England to develop the next generation of Real-Time Gross Settlement (RTGS) for payments
September 19th, 2016
The Bank of England is consulting on the next generation of its Real-Time Gross Settlement (RTGS) service. RTGS is not a household name. But it lies at the heart of safeguarding the Bank’s mission for monetary and financial stability, ...
Why the EU is doomed
September 16th, 2016
We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis. We normally survive financial ...
Bank of England holds Bank Rate at 0.25%
September 15th, 2016
Bank of England has issued a press release to inform that the Monetary Policy Committee holds Bank Rate at 0.25%, maintains government bond purchases at £435bn and corporate bond purchases at up to £10bn. The Bank of England’s Monetary ...
