FX fee hike after Swiss move sparks execs' concern
BNY Mellon said the increase was temporary and reflected market conditions, stressing it was not a permanent fee increase. “Recent central bank interventions have significantly increased foreign-exchange trading volatility for certain currencies, and …
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Pound hits seven year high against euro
Jeremy Cook, chief economist and head of currency strategy at foreign exchange traders World First, said alongside concerns over Greece, the ECB's bond buying programme and negative bank deposit interest rates were "hammering" the single currency.
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