#foreign-exchange

#foreign-exchange

Currensea saved travellers over £2.5 million in 2024 by eliminating foreign exchange fees with a debit card linked to their existing bank account.

Market participants are awaiting significant economic indicators amidst choppy conditions and uncertainty in the UK economy.

The pound weakens as GDP figures indicate contraction amid budget uncertainties.

Upcoming economic reports may not provide an optimistic outlook for the UK economy.

Bank of Japan likely to maintain current policy, delaying further rate hikes.

JPMorgan has rebranded its blockchain unit to Kinexys, focusing on real-world asset tokenization and plans to launch on-chain foreign exchange by 2025.

The USD/JPY pair is declining due to a weakening US dollar and strengthening Japanese yen, primarily influenced by market expectations of a potential Fed interest rate cut.

The Japanese yen is experiencing renewed strength, impacting global risk assets and triggering fears of another carry unwind.

Herstatt risk still affects foreign exchange markets, reflecting persistent systemic vulnerabilities despite advances in regulations and banking oversight.