The upcoming transition to a T+1 securities settlement cycle in North America could lead to increased use of overnight swaps at the end of the US day, putting pressure on…
Day: April 29, 2024
FX rates harmonisation: CBN abandons unification policy, re-introduces discriminatory rates
• BDCs on subsidy as four different rates emerge• Customs settles for below NAFEM rate, charges N1,164• Naira pullback stokes fresh concern about stability • Senate seeks proactive measures to save…
Pound to Dollar Week Ahead Forecast: "Further GBP Weakness in Coming Weeks"
April 28, 2024 – Written by David Woodsmith STORY LINK Pound to Dollar Week Ahead Forecast: “Further GBP Weakness in Coming Weeks” Foreign exchange strategists at HSBC forecast the Pound…
UK's Home Office to detain asylum seekers in surprise operation
The United Kingdom’s Home Office will launch an operation to detain asylum seekers in preparation for their deportation to Rwanda, The Guardian UK reported on Sunday. The surprise operation would…