Skip to main content
RSS Feed

Latest FX News

Institutional

Asian Corporates Cite FX as Biggest Financial Risk Concern Asian corporates and CFOs cited FX risk as the financial risk that they are most concerned about, according to a new survey from Thomson Reuters and Asset Benchmark Research. In the report accompanying the research results, it notes that as ...
Markets Standards Board Publishes First Draft of FICC Standards The Financial Markets Standards Board (FMSB), established in the wake of last years Fair and Effective Markets review (FEMR) process in the UK, has published its first draft standard aimed at improving conduct in FICC markets. The FMSB’s work ...
Non-Bank LPs Prove Their Worth During Brexit Volatility Following the results of the UK referendum decision to leave the European Union last week the common consensus amongst FX market participants has been that the biggest surprise – apart from the result itself – was how well the FX market handled ...
FXPA Commends FX Market Over Brexit The Foreign Exchange Professionals Association (FXPA) has commended the foreign exchange industry for its preparations ahead of Britain’s referendum last week on whether to leave or remain in the European Union. FXPA says the preparations resulted in the relatively ...
BIS Appoints Ellis as New Secretary General The board of directors of the Bank of International Settlements has appointed Monica Ellis as secretary general for a five-year term, effective January 1 2017. Ellis replaces Peter Dittus, who retired in 2016, the BIS said in a statement late Monday. In her ...
“Brexit Uncertainty Can be Contained, Contingency Plans are in Place”: BIS Despite an initial period of “uncertainty and adjustment” that is to be expected following the victory of the Brexit camp at the UK referendum last week, “with good cooperation at the global level, I am confident that uncertainty can be ...
Brexit Response Highlights SNB Lessons Learned With market participants reporting wider spreads but continuous liquidity following the UK’s vote in favour of leaving the European Union, platform providers claim that the FX market has learned important lessons about how to function effectively in volatile market ...
Analysts Quick to Predict Further Sterling Weakness Following the historic UK vote to leave the UK, analysts have been quick to issue gloomy predictions for sterling and the euro. Societe Generale’s global head of macro strategy Kit Juckes says in a note, “The UK economy enters ...
Sterling Pummelled as UK Votes to Leave EU Sterling has endured a traumatic Asian session as the UK has officially voted to leave the European Union with the leave camp passing the 50% mark of votes cast. Although most of the damage was done before the outcome was officially ...
Sterling Endures Huge Fall

04:37 June 24th 2016 in News, Institutional

Sterling Endures Huge Fall

As the UK’s EU referendum swings decisively towards the ‘leave’ camp, sterling has suffered a huge drop – its biggest in more than 30 years. Just over six hours after the polls closed, UK broadcasters ITV News and Sky News have ...