British Pound Gives Away 2014's Best Exchange Rate Levels as Bank of England Hawks Turn to Doves Above: Bank of England Governor Carney presents the main event-risk for the GBP on Tuesday. The pound sterling (GBP) has withdrawn from recent highs and no longer offers currency market participants the best exchange rates of 2014. The reason the GBP has come under pressure on Tuesday lies with the Bank of ...
Euro Rate Today: Forecasting a Lower EUR/USD Exchange Rate in 2014 Remains Intact at Bank of America Currency analysts at Bank of America Merrill Lynch are standing by their 2014 forecast that sees a lower euro dollar exchange rate. The euro dollar rate has been heading lower since the ECB rate cut in early June, however following a less-than-hawkish FOMC minutes released mid-month dollar weakness has allowed the euro a recovery. ...
Banks speed up shift to forex automation Banks including Barclays and UBS are accelerating a shift towards automation in foreign exchange and rates trading as they move to slash costs and reduce the risk of further price manipulation scandals. Senior bankers are aiming to minimise human intervention because traditional trading over the phone has come under an intense regulatory spotlight. Authorities around the globe are investigating ...
10 Weekend Reads Good Saturday morning, here are some longer form reads for your weekend reading pleasure: • Bubble, Bubble, Toil and Trouble: The Costs and Benefits of Market Timing (Musings on Markets) • The Zen of Gen X: How We Went From Jaded to Sated (The Weeklings) • Only Apple (Daring Fireball) see also Tim Cook, Making Apple His Own (NY Times) • The House of Mondavi: How an American Wine Empire Was Born (LongReads) • A Rare Peek Inside Amazon’s ...
A 3D-printed car is coming that stretches the boundaries of design Local Motors has been building cars with the help of community-submitted part designs for years now, but this September, it has far more ambitious plans: creating a working, 3D-printed electric vehicle, also based on a design by someone from its community. The contest ran during May, and a winner — along with several runner-ups — was announced earlier this month. Local Motors ...
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