Pound
Johnson under cross-examination
Prosecution attorneys argue HSBC went beyond its executing bank role when it advised Cairn on order execution
‘Gus thinks we’re buying 6.5bn’ – Johnson trial
Mark Johnson’s trial reveals how HSBC faced significant difficulties with the Cairn order as other banks knew of the deal and tried to benefit from the information
Judge allows Rodgers’ ‘Russian name’ analysis into case
Judge does about-turn and allows Rodgers – whose $1,100 hourly fee riles prosecution – to enter his findings in court
Johnson: ‘It was fair all around’
Embattled former trader says execution of Cairn Energy order produced better than expected outcome
Johnson set to take stand today
Mark Johnson will testify in his own defence today following day of high drama on October 10 around Rodgers’ analysis
Johnson’s defence to present case on Tuesday
Rodgers expected to take stand during course of the week
Cahill in hot seat over FCA statements
Former HSBC trader admits he would have given a different answer to the FCA if the question had been more specific
Cairn treasurer denies knowing HSBC would pre-hedge order
Yet neither the corporate nor its adviser instructed the bank how to deal with the $3.5 billion order
Expensive dollar to remain on the back foot – UBS
Whereas the euro is fundamentally cheap and will remain strong for the foreseeable future
Lacklustre dollar will help EUR/USD climb – CBA
EUR/USD is expected to trade at $1.20 by mid-2018 and hit $1.30 on a longer time horizon
In the long run, it's euro over dollars, says UBS
The dollar could see some short-term rebound, but over a longer time horizon the single currency has the better prospects
Currency headwinds cost companies $11bn
North American firms report more losses than their European counterparts, but the amount is falling
Wells Fargo: potential monetary policy convergence in 2018
But divergence will prevail in 2017
A president, two central banks and the FX market
Donald Trump's economic policies could determine the Fed's response, while Brexit could put BoE and ECB in the spotlight
USD/CNY volatility rise expected after currency basket revamp
Emerging market currencies now make up a higher proportion of the basket used to calculate the renminbi index
BMO: dollar will bump along the top of the trading range
Canadian bank expects US currency to remain strong this year
Giancarlo urges regulators to examine risk from capital rules
CFTC commissioner says regulators cannot avoid the issue of whether capital removed from markets harms the global system
Broad dollar strength on the horizon, says Wells Fargo
December hike of 25bp expected from Fed and it is likely to pull the trigger again in 2017, helping to propel the dollar
Pound crashes 8% during early morning trading
Sterling plunged from $1.26 to $1.14 within two minutes, just after 7pm in New York
Corporate FX deals up 102% since UK referendum
UK exporters benefit from the weaker pound, according to in-house data from Moneycorp
Corporates caught out by Brexit and aftermath
Firms, especially new multinationals, are encouraged to bring in FX exposure talks at the due diligence stage
Some asset managers remain overweight in EM currencies
Some buy-side firms expect them to outperform their European counterparts
Brexit uncertainty to benefit active funds
No one knows what Brexit will bring, but investors say market dislocation could be a plus for active managers
Brexit spurs caution from brokers and platforms
"Nobody in the industry wants a repeat of the SNB, whereby clients suffered heavy losses and effectively became debtors," says ADS Securities' James Watson