As China has moved to speed up the internationalisation of its domestic currency since the financial crisis, the UK has made no secret of its willingness to play a role in this process. But much work still needs to be done with regards to trade settlements between the two countries, as well as improving transport links and communications.
Competing for dominance in foreign exchange
Emerging markets face currency conundrum
April 2, 2012A combination of policy intervention in emerging markets and high residual risks in developed markets means volatility in emerging market currencies looks set to continue.
New technology widens trading providers' FX appeal
April 2, 2012Banks are looking for a larger slice of the highly liquid foreign exchange market, and in response FX trading providers are developing their technology apace. But with the huge technology requirements for FX houses and the changing regulatory landscape, the battle lines are being redrawn.
Euro aspirations down but not out
April 2, 2012The sovereign debt crisis in the eurozone has had little impact on the euro’s exchange rate against the dollar. However, it has delayed the process of reserve diversification.
Foreign exchange still in everyone’s sights
April 2, 2012Higher volumes than before the financial crisis and a growing number of heavyweight currencies are attracting investment banks, but the global foreign exchange pie may not be large enough for everyone to have a slice.