Pound Little Changed After U.K. Halifax House Prices
BRUSSELS (dpa-AFX) - UK Halifax house price data has been released at 3:30 am ET Friday. The pound changed little against its major counterparts after the data.
The pound was trading at 1.3851 against the greenback, 150.10 against the yen, 1.2881 against the franc and 0.8613 against the euro around 3:35 am ET.
Copyright RTT News/dpa-AFX
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LONDON BRIEFING: Yellen Asks US Regulators To Probe Trading Volatility
Fri, 5th Feb 2021 08:04
(Alliance News) - US financial market regulators will study the trading frenzy last week that saw shares like GameStop Corp soar, and ensure investors are protected, the Treasury Department said Thursday.
Treasury Secretary Janet Yellen called the meeting with top market watchdogs to discuss the recent trading volatility created by a social media-fuelled buying craze for stocks that were shorted by hedge funds, including of video game store GameStop, which surged over 400% in a week before falling sharply.
While it did not mention GameStop or retail trading platform Robinhood, Treasury said the Securities & Exchange Commission will be releasing a timely study of the events .