An enormous 8% drop in the pound was recently rectified in a matter of minutes but the 'flash crash' wasn't merely an algorithm issue.
The drop in sterling following Brexit has been as strong as when Germany invaded France in 1940.
A weak pound might be good for exports but it is bad news for the investment that the economy is based on.
A plummeting pound, bonds at an all time low, stocks and commodities in freefall. The UK just spooked the world.
Uncertainty over the outcome of the EU referendum has sent currency markets into overdrive.
The cryptocurrency will soon undergo a major change – and no one knows what will happen next.
Time to make room for a new face.
The announcement that Harriet Tubman will be the first woman on U.S. currency in more than a century recalls the history of female – and African-American – portrayals on money.
The basic art for the new Australian five dollar note, to be released in September, is creating controversy.
Reserve Bank of Australia/AAP
The Reserve Bank of Australia has announced a new five dollar note, to great general derision. The Australian Mint has a proud history of excellent design, so why is this new note so wrong?
The technology that drives Bitcoin enables almost riskless storage and transfer of value and data.
Image sourced from Shutterstock.com
It's just a matter of time before Bitcoin secures legitimacy as a currency.
Australia’s Aboriginal welfare problem of the 60s enabled widespread theft from Indigenous artists – including designs for the one dollar note.
Reserve Bank of Australia.
Australia's original $1 note featured artwork taken without permission from Aboriginal artist, David Malangi. He was later given $1000, a medallion and a fishing kit, but archival evidence sheds new light on the affair.
Global currency markets deliver a tumble for sterling.
Oddly enough, London's mayor will have been cheered to spark a sell-off in the pound when political colleagues barely raised an eyebrow on skittish markets.
South Africa is at risk of being downgraded to junk status as its currency continues to depreciate. The situation is reminiscent of events in 1985 when the economy nearly collapsed.
China wants the yuan to gain the same international standing as the US dollar.
The inclusion of the yuan into the IMF's currency basket shouldn't stop ongoing Chinese financial market reforms.
A change in the scales isn’t likely to put a major dent in the growth in US exports to China.
Yuan dollar via www.shutterstock.com
China's interventions to cheapen its currency relative to others will hurt US imports in the short term, but the country's surging "mainstream" will easily offset the impact.
Undervalued or overvalued? It depends on your perspective.
The US may not like it, but by devaluing the yuan the People's Bank of China has done what longtime critics of China’s currency policy have long been clamouring for.
Artists and satirists have long played around with currency. With fiscal uncertainty only on the up, artsy cash is becoming more and more prevalent.
Sorry, no money today.
The Greek government shut all banks in the country on June 29 after the European Central Bank capped emergency funding to the lenders. Cash withdrawals from ATMs are now limited to €60 a day (about US$67…
Hamilton’s political enemies unduly tarnished his legacy.
'Hamilton' via www.shutterstock.com
Alexander Hamilton's story is our story. It would be a mistake to remove him from the $10 bill.
Zimbabwe dollars are being decommissioned at a rate of 35 quadrillion per US dollar, with eight alternative currencies to choose from.
“No longer undervalued”
China’s RMB has been deemed “no longer undervalued” by the International Monetary Fund. This is a milestone for the Chinese government, which is keen to bolster domestic consumption and make the RMB a…