M&A Trend Continues in FX with £200m Acquisition of Currencies Direct

M&A activity is continuing in the FX market with Palamon Capital Partners and Corsair Capital agreeing to buy Currencies Direct, a provider of FX and international payment solutions to private and corporate clients, for over £200 million. Currencies Direct’s private FX segment provides foreign exchange services to more than 150,000 registered retail clients. Its corporate […]
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Sterling’s Election Surge Expected to be Short-Lived

Despite a Sterling jump on Thursday evening after a BBC exit poll indicated a surprise outcome in the UK general elections, market analysts believe that the rally will be short-lived as the currency markets settle down to business as usual. However, volatility may return in the medium term because of the upcoming EU referendum that […]
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Aussie Dollar Climbs to Six Month High Following Central Bank Surprise

Australia’s central bank sprang a surprise on the foreign exchange markets this week by leaving interest rates unchanged at 4.25%, contrary to an expected cut. In response to the RBA’s decision, the Aussie dollar climbed to a six-month high against the US dollar, hitting US$1.0822 in early New York trading on Tuesday – not far […]
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