More than 100 seats that originally backed Brexit now want to remain in EU
According to major recent analysis, most constituencies that now have majority want to remain...
Tag : currency
China’s July exports to accelerate as US prepares new tariffs
Its surplus with US will shrink marginally but $28.09 bn figure still remains near record highs...
Iran central bank forex chief arrested ahead of US sanctions
Ahmad Araghchi, who was a vice-governor at the bank in charge of forex, was arrested along with several other unnamed individuals, according to state broadcaster IRIB...
Emerging by name, emerged by nature
Emerging market assets appears to have become more mature and resilient, as aggregate fundamentals of emerging market countries continue to improve despite political uncertainty, finds William Miners...
EU woes raise concerns of currency volatility
Is the fallout of developments in Spain, Greece, Italy...
Sweden’s Riksbank contemplates digital currency
Could potentially develop a new payment system after seeing a substantial dip in the use of conventional currency IFM Correspondent November 22, 2016: Sweden’s central bank — Riksbank — is considering the option of using digital currency. This is mainly due to the fact there has been a drastic decrease in the use of notes...
India demonetises currency to move away from cash
But this is not the first time a country has opted for demonetisation IFM Correspondent November 11, 2016: In a move that came as a shock, the Indian government banned currency notes of 500 and 1000 denomination rendering them worthless at November 8 midnight. The measure was taken to control fake currency notes and unaccounted...
India withdraws high denomination currency overnight
Aims to counter corruption, counterfeiters and people who avoid taxes IFM Correspondent November 9, 2016: Most of India is confused and in a state of panic after Prime Minister Narendra Modi announced on November 8 that 500 and 1000 rupee notes will no longer be accepted as legal tender. They will be replaced by new...
Brexit: Sterling appears more vulnerable than any other major currency
Its value in foreign exchange markets is reliant on purchase of UK financial assets by overseas investors Don Smith October 27, 2016: Despite a run of better than expected UK economic data since the Brexit vote – including 0.7% second-quarter expansion, beating estimates – financial markets are increasingly concerned about the outlook for the country’s...
£390mn in foreign reserves languishing in British sock drawers
Study suggests that millions in ‘leftover’ currency from holidays and trips abroad is discarded April 18, 2016: There could be a hidden cost of travel abroad – and it’s not what many of us would expect. According to research from Xpress Money Services, up to £390million in unchanged foreign currencies remains tucked in jars and...