Sterling
Cable basis set to shrink as pension buyouts dwindle
BoE rate cuts and tightening US credit spreads expected to further normalise the sterling-US dollar cross-currency basis
NatWest Markets recognised in three categories in the 2021 Best Banks Awards
NatWest Markets was recognised in three categories at the 2021 Best Banks Awards, testament to the success of its strategy in refocusing on areas of strength and fortifying its relationships with clients
Synthetic Libor gets cautious approval as swaps fix
‘Tough legacy’ solution could mop up $2.7trn-equivalent of non-cleared sterling and yen derivatives
Cross-currency swaps set to ditch Libor in ‘RFR first’ drive
A plan to oust Libor in September is expected to spur voluntary RFR adoption for euro legs
BIS to operate sterling liquidity facility backed by BoE
Move echoes twentieth-century arrangements when BIS acted as intermediary in swaps network
Franklin Templeton and Citi top for FX options
Counterparty Radar: Data shows US bank as top dealer for mutual funds in Q3 and Q4, while Californian manager is biggest user
Filings reveal biggest FX forwards dealers
Counterparty Radar: Group of four banks executed 47% of sector’s trades during second quarter
LCH to launch non-deliverable options clearing
Clearing service will go live in Q4 for nine currency pairs
How carbon-cutting Drax manages currencies and credit
Interview: UK power giant uses option selling – and other tactics – to create hedging headroom
Best Bank Awards: Barclays
Barclays is voted Best bank for GBP/USD at the 2019 FX Week Best Bank Awards
Sterling option volatility spikes on Brexit deal news
Trading reaches crescendo on Friday; insiders warn of further volatility
Informa: renminbi range trading likely the norm throughout 2019
Further escalation of trade tensions could send China’s currency to 7.25 in near term
Westpac: sterling weakness continues as Brexit deal unlikely
Australian bank maintains long-held bearish outlook on pound
Trade war may delay yuan as reserve currency
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
Monex: Fed can’t curb dollar strength
Only improvement in global growth will end the strong dollar dynamic
CIBC: sterling on defence as Johnson becomes UK PM
Expect interest to sell sterling in short term as market remains on guard for possibility of no-deal Brexit
FX trading in London hits record high
UK capital cements position as largest FX hub; New York sees significant fall in daily turnover
Wells Fargo: US-China trade spat still a drag for Aussie
Dispute will keep trade-sensitive currencies under pressure, with a deal unlikely before March 1 tariff deadline, says strategist
Brexit unlikely to affect sterling’s reserve currency status
No-deal scenario could put major downward pressure on the currency
CMC Markets: dollar to weaken as Fed halts rate hikes
Other central banks will follow the US lead and not tighten monetary policy further in 2019
G10 forecaster of 2018: CIBC sees weaker dollar in 2019
As the US economy slows and Fed tightening ends, the dollar will lose some ground, the bank says