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Turkish lira hit by fears of post-election uncertainty
(Gulf Times - 21/06/2018)

The Turkish lira weakened slightly yesterday, pressured by investors’ concerns that parliamentary and presidential elections on June 24 could unleash political uncertainty.<br/><br/> Opinion polls have shown a tight race for parliament with President

Cryptocurrencies fall as Korean Exchange says $32m stolen
(Gulf News - 21/06/2018)

Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was hacked, renewing concerns about the safety of digital-asset trading venues.<br/><br/> Bithumb, ranked by Coinmarketcap.com as the world’s seventh-largest crypto

Pound at 7-month low after May’s Brexit vote defeat
(Gulf News - 20/06/2018)

The pound dropped to a seven-month low against the dollar after UK Prime Minister Theresa May lost a vote on her Brexit legislation in the House of Lords.<br/><br/> Sterling fell for the second day versus the greenback as market focus turns to the

Falling Pakistani rupee adds to expats’ remittances but there’s a catch
(Times of Oman - 19/06/2018)

Pakistani expats sending money home will now receive more rupees for their Omani rials after the South Asian nation’s central bank devalued the currency for the third time in seven months.<br/><br/> The rupee declined to 120.12 for every U.S. dollar.

Bitcoin could break the internet, Central Bank overseer says
(Gulf News - 19/06/2018)

The Bank for International Settlements just told the cryptocurrency world it’s not ready for prime time — and as far as mainstream financial services go, may never be.<br/><br/> In a withering 24-page article released Sunday as part of its annual

Rising trade tensions, stronger dollar in focus for investors
(Gulf News - 18/06/2018)

Escalating trade tensions between the world’s two largest economies coupled with a strengthening US dollar are expected to take centre stage when global financial markets reopen on Monday.<br/><br/> Analysts said the dollar is likely to continue

Argentina reassures markets after peso crisis
(Oman Daily Observer - 17/06/2018)

Argentina sought to inject some confidence back into its beleaguered currency and calm markets on Friday after the peso plunged more than 6.0 per cent against the dollar, leaving it at a record low.<br/><br/> Economy Minister Nicolas Dujovne, speaking a

Pound starts tumultuous week on back foot after ‘awful’ data
(Gulf News - 12/06/2018)

A crucial week for the pound began on a bad note as the currency reversed gains after UK factory data cast doubts on the health of the economy. The pound could be in for a wild ride as the UK’s Brexit bill goes to a vote in Parliament and jobs and

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