The following article was written by Alejandro Zambrano, Chief Market Strategist at ATFX UK. With seven days to the January 30 Bank of England rate meeting, the rate markets are anticipating the central bank to ease the interest rate from 0.75% to 0.50% with a likelihood of 61%. Weak GDP growth and comments from the…
Read moreIn a surprise move, the Bank of Thailand announced that its Monetary Policy Committee had voted five to two to reduce its benchmark interest rate immediately by 25 basis points, reducing its 1.75% rate back down to 1.50%. It was the first change in rates since 2015. The Thai Baht had been the strongest performing…
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Wedbush Securities today announced the appointment of Arthur Bass as Managing Director, Fixed Income Financing, Futures, and Rates. In this role Arthur will focus on the further development of the Futures and Options, and fixed income businesses. Arthur is based in New York, NY and reports to Managing Director, Fixed Income Financing, Futures, and Rates,…
Read moreBarclays Bank PLC has been fined £26 million by the FCA for failing to manage conflict of interest, with trader himself having received a further £95,000 fine.
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