Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a 'clone firm'; and fraudsters usually use this tactic when contacting peopl
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. However, some firms act without our authorisation and some knowingly run investment scams.  This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is c
Existing home sales in the U.S. pulled back by more than anticipated in the month of April, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales fell by 2.3 percent to an annual rate of 5.57 million in April after jumping by 4.2 percent to a ten-year high of 5.70 million in March. Economi
The unwarranted side-effects from the unconventional monetary policy have so far remained limited and hence, there was no need to change the policy path currently being projected, European Central Bank President Mario Draghi said Wednesday. "When we introduced unconventional policy instruments in order to secure a return of inflation towards our ob
With Trump overseas the focus on politics is fading at the same time as the June 14 FOMC meeting comes into focus. The New Zealand dollar was the top performer while the euro lagged as it finally gave up some ground. Kuroda and Australian construction work are up next.  The US dollar caught a bid late in New York trade on Tuesday as Treasury y...
EUR/UDS was already touching 1.12 and then it dropped to 1.1287 on Draghi's words. Draghi said that the macroeconomic environment is improving but balanced it with more stable words: there is no reason to deviate from the current policy. The indicators are not there. Not yet at least. At the moment, the ECB does not see any evidence of any widespre...
UK financial regulator The FCA has announced that the Central Criminal Court has made confiscation orders against the two final defendants who were convicted of offences following one of the FCA's largest investigations into unauthorised activity. The FCA's investigation, known as Operation Cotton, led to eight convictions and this week's orders me...
GBP/USD Current price: 1.2963 The GBP/USD pair trades uneventfully at the lower end of its weekly range, with no headlines coming from the UK keeping trades unmotivated, alongside with major events taking place somewhere else. The pair, however, has lost the upward strength seen after PM Theresa May called for elections on June after reaching the 1...
Eurozone financial market stress remained contained in the past six months, though the risk of further bond market repricing remains and the risk of a return of concerns over debt sustainability has risen, the European Central Bank said in a report released on Wednesday. Further, the ECB warned that excessive exuberance in regional house prices, in
Iceland's unemployment rate increased in April after falling in the previous two months, figures from Statistics Iceland showed Wednesday. The seasonally adjusted jobless rate rose to 2.3 percent in April from 1.6 percent in March. In the corresponding month last year, the unemployment rate was 3.7 percent. On an unadjusted basis, the jobless rate

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