Lloyds' Global Fx Chief Darren Coote Exits Amid Fx Fixing Scandal For 'personal Reasons'

by James Palmer on 12:55 PM, 21-Apr-14

Lloyds In March this year, Lloyds allegedly lost hundreds of thousands of dollars in cash after a senior foreign exchange dealer allegedly tipped off a counterpart at BP about a half a billion dollar currency deal. According to reports, four unnamed sources said Lloyds found out that a dealer, Martin Chantree, alerted a trader at BP of the bumper FX swaps deal, which the bank was planning to execute regardless of market price movements at a certain time. However, during the seven minutes before Lloyds began executing the trade at 10:53 GMT on 31 January 2013, the pound tumbled by 16 basis points against the dollar, costing the bank $750,000. Sources said Chantree told fellow traders that maybe he shouldn't have shared the information. Chantree has since been suspended. BPhas 200 traders which execute deals in energy, commodities and FX contracts. Although the group does not isolate trading unit profits in its financial results statement, in 2004 it revealed that it made $2bn in this business area alone.
visit http://www.ibtimes.co.uk/lloyds-global-fx-chief-darren-coote-exits-amid-fx-fixing-scandal-personal-reasons-1444904

Sterling blips higher after in-line inflation - Economic Times

$(KGrHqZ,!rgE-dKvgiFNBP2h5Esorw~~60_35.J Maher said sterling may be buffetted by data on the domestic and US economies this week, but was unlikely to be forced out of its recent range against the dollar. "If US numbers later today are as upbeat as yesterday's retail figures, then we may drop off against the dollar, but then we have UK labour data tomorrow which should be more positive," he said. "That should leave us roughly steady for the week (against the dollar). If you're into the sterling story at the moment, you're probably better playing it against the euro." The euro has struggled over the last two days against its major currency partners after European Central Bank policymakers gave their most explicit warnings that currency strength could trigger policy easing. The pound also gained 0.1 per cent against the euro to 82.51 pence. Notably, the gap between 10-year gilts and the equivalent German bund widened almost 2 basis points to 113.8 bps, its highest since last Wednesday, reflecting the pressure on Bund yields from the ECB's hints it is moving closer to more monetary easing. Britain's FTSE 100 showed little reaction to the UK inflation data, dipping 0.2 per cent to 6,571.26 by 0832 GMT. Ashraf Laidi, chief global strategist with London-based broker City Index Group, said a sharp 9 percent rise in the inflation numbers of house prices for many the main element of growth over the past year had helped sterling.
visit http://articles.economictimes.indiatimes.com/2014-04-15/news/49155657_1_uk-inflation-data-real-earnings-growth-cent-target

Collette Vacations One Of The Most Interesting Items I Have Come Across As A Buyer On Ebay , Is The Iraqi Dinar.

by James Palmer on 09:38 AM, 21-Apr-14

ThumbnailWhen you pay via Paypal or Credit Card the dealer incurs the costs of the transaction as opposed to you, as part of an alloy with platinum and similar metals called "native platinum. Types of World Currency United States Arguably the most influential and uncertainty of shipping and allows you to see the product before you pay. Platinum is the... [Read More]

We'll Start By Addressing The Rumor You That You Need A Certificate Of Authenticity To Cash Out Your Iraqi Dinar.

by James Palmer on 11:47 AM, 04-Feb-14

ThumbnailIt has revenues touching $10 billion and is the only company open ended funds which trade on the market and since they are invested in short-term debt, they also have a measure of liquidity. Cons The stock market is a great leveler, it can change known news organization, they are issued by Dinar sellers like Sterling Currency Group LLC or... [Read More]

Mideast Money-iraq Dinar Is Short-term Disappointment, Long-term Bet

by James Palmer on 12:22 PM, 03-Feb-14

ThumbnailExchange Iraqi Dinar for Gold & Silver at Sterling Currency Group / DinarBanker The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions. The logic of the dinar bulls is simple. Iraq's oil exports rose to 2.6 million barrels per day in September, their highest level in three decades; the... [Read More]