Just as soon as it was announced that Christine Lagarde, the current head of the IMF, was the frontrunner to replace Mario Draghi as he departs the European Central Bank, there was then immediate speculation as to who would replace her at the IMF. The first name that has been bandied about is Mark Carney,…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 9, 2019. The text below is an excerpt and does not contain the full analysis. Even though major central bankers like Mark Carney and Jerome Powell don't see Facebook's upcoming Libra coin as a…
Read more
The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The Bank of England’s (BoE) Financial Stability Report revealed that Governor Mark Carney is moving toward macro-prudential measures to temper the UK’s rising inflationary pressures within the ‘Brexit reality’. Mark Carney can no longer…
Read more
The Financial Stability Board (FSB) today published a letter from Mark Carney, Chair of the FSB, sent to G20 Finance Ministers and Central Bank Governors ahead of their meeting in Baden-Baden from 17-18 March. In his letter, the FSB Chair highlights the good progress made in implementing the post-crisis reforms, as a result of which…
Read more
Brexit is no longer the biggest risk to the UK financial system, the Bank of England Governor has declared. According to Sky News, Mark Carney shared that the economy was growing more strongly than he or the rest of the Monetary Policy Committee had expected in the wake of the referendum. Mr Carney commented: Strictly speaking,…
Read moreBritish consumers saw their confidence in the UK's economy fall at the sharpest rate in almost 22 years after the vote to leave the European Union. According to latest market research from Gfk, consumer confidence in the UK fell by 8 points to minus 9, a plunge not seen since December 1994. The Gfk survey…
Read moreBank of England (BoE) Governor Mark Carney today stated that the central bank of the United Kingdom would adopt a laissez-faire stance towards the pound no matter what decision comes during the UK-EU referendum being held on Thursday, June 23, to decide whether Britain should leave or remain in the European Union. For traders, they should expect to see…
Read moreThe review sets out 21 recommendations for UK's Fixed Income, Currency and Commodities (FICC) markets with the goal of raising standards in global FICC markets. How will future FX regulation be effected?
Read moreThe new City body will be funded by the industry practitioners which provide fixed income, currencies and commodities services to corporate clients, potentially raising questions about its independence
Read moreFurther information has emerged since the Bank of England's chief currency dealer Martin Mallett was fired in November, including the uncovering of 20 accounts of misconduct, the use of inappropriate language and the finding that Mr. Mallett had given his personal opinion over the central bank's policy
Read more