UK Economic Growth Tumbles To 6-yr Low On Brexit Uncertainty
Economic growth in Britain slowed sharply in the fourth quarter of 2018, with growth throughout the full year being the slowest in six years as Brexit concerns and international trade tensions dimmed its activity. The GDP grew 0.2% from the
Read MoreBoE Slashes Growth Outlook On Brexit Uncertainty
On Thursday, the Bank of England reduced growth forecasts for the UK economy, saying that the outlook remained highly sensitive to the effects of Brexit, as policymakers left the key interest rate and bond purchases unchanged. The central bank said
Read MoreEuro Dollar Declines On Weak German Industrial Production Data
Industrial production fell to a seasonally adjusted 0.4% since November, when it fell by 1.3 percent, the Federal Statistical Office’s preliminary figures showed Thursday. Economists expected an increase of 0.8% in December. The decline in November was revised from 1.9%
Read MoreGFIN Sends Out Open Invitation For Fintech Testing
New and innovative technology is responsible for changing the way we do things and it is highly sought after in the financial services industry. However, the main obstacle that fintech companies face is gaining recognition and bringing their product to
Read MoreCoinbase Expands OTC Services Into Europe And Asia
Coinbase, one of the world’s biggest cryptocurrency exchanges has announced that they will be expanding their over-the-counter (OTC) services in both Europe and Asia. That’s an interesting approach since Coinbase has mainly done much of its business online. However, in
Read MoreSEC Loophole Allows ICO’s To Continue To Raise Funds
Financial watchdogs in a number of countries cracked the whip in 2018 on Initial Coin Offerings (ICOs) as there were too many rotten apples in the industry that were taking investors for a ride. However, a number of ICO’s flourished
Read MoreForex Markets Get Hit By Sudden ‘Flash Crash’
Global traders were surprised when the forex markets saw unexpected surges recently. Analysts have been calling it a “flash crash” because of how it has affected the market. This has happened once before in 2016 but this time instead
Read MoreBank Of Russia Destroys Russian Retail Forex Market
The Bank of Russia which is the main financial watchdog has eliminated competition from the entire forex market in the country. The move came as a surprise after the Bank of Russia decided to strip several brokerage firms of their
Read MoreESMA Extends CFD Sale Restrictions To Retail Investors
Earlier this year, the European Securities and Markets Authority (ESMA) implemented restrictions on the sale of contracts for differences (CFD) to retail investors. The regulatory body had extended the deadline once already and that was supposed to end January 2019.
Read MoreDGCX & FXCM Partner To Create Innovative FX Products
The Dubai Gold and Commodities Exchange (DGCX) and the FXCM Group have signed a Memorandum of Understanding (MoU) that they would soon be working together to launch new forex products on the exchange. The deal will allow the exchange to
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