Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) US Economy on “Recession Watch” says Morgan Stanley This Tuesday, chief US equity strategist at Morgan Stanley, Michael Wilson, warned investors of a possible upcoming US recession. In a note to clients, using recent data highlighting […]
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Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) Pound Temporarily Bounces Back after May’s Resignation Today, British Prime Minister (PM) Theresa May announced her resignation, set for Friday, June 7. May’s announcement comes after three failed attempts to pass a Brexit deal, confirming mass-speculation […]
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The FX Global Code – Has it Made a Difference?

The FX Global Code of Conduct remains one of the biggest initiatives in the foreign exchange industry for many years, wide a wide spectrum of different market participants around the world participating in the creation of the principles contained within it. But given that the Code was introduced to address a specific issue – evidence […]
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Debelle Named as GFXC Chair

Guy Debelle, deputy governor of the Reserve Bank of Australia (RBA), has been named as the next chair of the Global Foreign Exchange Committee (GFXC). His two-year term will begin in early July, 2019, after he was nominated and elected to the position at the latest two-day GFXC meeting hosted by the Bank of Japan […]
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FCA Report Finds £27m Lost to Crypto, Forex Scams

The UK’s Financial Conduct Authority (FCA), in conjunction with Action Fraud, has issued a report showing that last fiscal year £27 million was lost to crypto and forex investment scams. The report from the FCA and Action Fraud, a national reporting centre for fraud and cyber crime, found that the number of scams reported nearly […]
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Argentex Reports Record Revenue, Profit Growth

Argentex, which provides FX services to corporate and private clients across EMEA, reported revenue and profit growth over the last 12 months, ending March 31st. It’s revenue over this period was £21.9 million, and the operating profit was £11.5 million. In a release issued today the firm says that this revenue, which represents a 66% […]
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Rationalising Buy Side Adoption of the FX Global Code

The changing nature of foreign exchange markets, not least the day-to-day participation of the buy side, offer a good rationale for why buy side firms should sign a Statement of Commitment to the FX Global Code, speakers argued at the recent Profit & Loss Frankfurt conference. Ahead of the Global Foreign Exchange Committee meeting in Tokyo […]
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Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) GBP Plummets Amid Uncertainty The British pound has hit a four month low. The continued drop in value has been caused by opposing parties failing to create Brexit deal and the looming resignation of Prime Minister […]
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CFH Clearing Extends Metals Offering

CFH Clearing is now offering trading in aluminium, copper, nickel, lead and Zinc against USD. This latest development is the first in a series of new products and asset classes being launched by CFH Clearing. The Financial Conduct Authority (FCA) regulated firm says that it has secured pricing for its base metal liquidity as a […]
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And Another Thing…

I am in yet another airport lounge (podcast listeners will be glad to hear we are not recording here, however) so just a quick note to highlight the good work of LMAX Exchange in raising money for charity through some interesting means. The latest was The “Everest Rugby Challenge” and, as the title implies, four […]
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