LONDON (Reuters) – Sterling dived on Wednesday as concerns rose that the United Kingdom may be headed for a disruptive no-deal Brexit after Prime Minister Boris Johnson moved to restrict parliamentary time before Oct. 31. Johnson said on Wednesday he would schedule a Queen’s Speech for Oct. 14 in order to launch new legislation. He […]
(Bloomberg) — Citigroup Inc (NYSE:C). has raised the possibility gold may extend its impressive rally should it breach a technical level against a major U.S. equity market benchmark, adding to positive commentary around the metal. The ratio between bullion and the S&P 500 Index is “testing key pivots that extend up to the Christmas highs,” […]
(This story corrects 5th paragraph to read that a state bank was seen in the market, not two foreign banks) By Winni Zhou and Andrew Galbraith SHANGHAI/SINGAPORE (Reuters) – China’s state banks have been active in the onshore yuan forwards market this week, using swaps to tighten dollar supply and support the Chinese currency, four […]
