London maintains its commanding lead as largest foreign exchange centre Markets London has maintained its commanding lead as the world’s largest foreign exchange centre, holding nearly double the US’s share. According to the latest data from the Bank of International Settlements (BIS), daily foreign exchange trading in London reached $4,745bn this year, with its global market share of 38.7 per cent nearly twice that of the [...]
Travelex to be put up for sale after post-pandemic rebirth Business The chief executive made the comments about Travelex's sale plans in the latest episode of City A.M.'s Boardroom Uncovered interview series.
Pound set to continue surge against dollar as interest rate cuts slow Economics The pound is set to be one of the world's top-performing major currencies this year, according to Bank of America, amid expectations of “above trend growth” in the UK economy and slower interest rate cuts,
Traders short sterling as bets on Bank of England rate cuts grow May 8, 2024 Currency traders have been building up short positions on the pound in the hope that the the the Bank of England (BoE) will cut the base rate before the US's Federal Reserve (Fed).