LESS BANG FOR YOUR BUCK Currency experts warn the pound will hit £1 to €1 this year – here’s how to get the best travel money rate

  Strategists from HSBC, David Bloom and Daragh Maher, have predicted that £1 will be worth just €1 and $1.20 for £1 by the end of the year, according to a note seen by Business Insider. But the market exchange rate can vary from the rate offered by bureaux de change, meaning that British customers are likely to get even less than €1 for More...

by Loknath Das | Published 2 months ago
By Loknath Das On Wednesday, May 31st, 2017
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Theresa May loses her shine with the currency market

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional More...

By Loknath Das On Thursday, May 25th, 2017
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Central bankers unveil code to crack down on currency market rigging

The architects of a new code of conduct that aims to clean up the global foreign exchange markets have conceded it will do little to stop currency traders who are intent on breaking the rules and manipulating More...

By Loknath Das On Thursday, May 25th, 2017
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Venezuela sets new exchange mechanism, as currency continues to slide

Venezuela set a range on Wednesday for the first offer in its new DICOM foreign exchange mechanism, effectively devaluing the previous SIMADI exchange rate by at least 60 percent as the currency continues its slide. The More...

By Loknath Das On Wednesday, May 24th, 2017
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Euro soars to six-month high as currency is buoyed by strong data and hawkish comments

The euro currency leaped to a six-month high on Tuesday following strong production data and hawkish talk from European policymakers. Emmanuel Macron’s decisive victory in this month’s French presidential More...

By Loknath Das On Monday, May 22nd, 2017
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Companies Spurned by Supreme Court on $1 Billion Michigan Tax Change

May 22, 2017, 7:05 PM GMT+5:30 The U.S. Supreme Court refused to question a Michigan tax change that companies including IBM Corp. and Procter & Gamble Co. say will hit them retroactively with a $1 billion More...

By Loknath Das On Monday, May 22nd, 2017
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Sub-Saharan Africa’s foreign-currency shortages are subsiding but will take time to overcome

While foreign currency shortages in Sub-Saharan Africa stemming from lower oil and commodity prices are easing, it will take time for sovereigns, banks and non-financial companies to restore their financial health, More...

By Loknath Das On Monday, May 22nd, 2017
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Sub-Saharan Africa’s foreign-currency shortages are subsiding but will take time to overcome

Photo: Reuters While foreign currency shortages in Sub-Saharan Africa stemming from lower oil and commodity prices are easing, it will take time for sovereigns, banks and non-financial companies to restore their More...

By Loknath Das On Saturday, May 13th, 2017
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South Africa’s rand poses big problems for currency traders

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By Loknath Das On Thursday, May 4th, 2017
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UPDATE 2-Nigeria central bank lifts currency ban for small imports

May 4 Nigeria’s central bank has lifted a ban on currency allocation for importers bringing in goods worth up to $20,000 per quarter, it said in a circular seen by Reuters on Thursday. The bank in 2015 placed More...