Citigroup's trading troubles are symptomatic of the problems confronting the Wall Street trading community.
Steven Saywell, global head of FX strategy at BNP Paribas, says sterling is undervalued and a rate hike from the Bank of England at the end of 2014 could push the currency higher.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Ukraine election spurring a rally for the German DAX.
The market is still waiting for news on Alibaba, but there are signs of life in the disappoinitng IPO market.
While the U.S. can't claim that it might be losing a friend with Russia's pivot east, it might be a different story for the dollar.
The British pound sank on Tuesday after weak lending data added to concerns over a European election win for the anti-EU UKIP party.
Charlie Morris, head of absolute return at HSBC Global Asset Management, says at some point the dollar will "snap" and push higher against sterling.
The euro recovered early losses on Monday after European election results saw gains for Eurosceptics but did not deliver a serious domestic blow to some European governments.
Camilla Sutton, chief currency strategist, at Scotiabank, says dollar/yen should move higher throughout the year as the Bank of Japan becomes "more aggressive."
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including an upgrade to Greek and Spanish debt, and a fall in Italian retail sales.
The euro fell to a three-month low against the dollar after a soft German business sentiment survey added pressure on the ECB.
Stocks approach record highs as geopolitical tensions ease and interest rates sit near lows.
CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including growth in Germany, but a slip in French PMI.
Active traders are getting chopped up by a market that lacks direction or any clear trend.
Robust expansion in Germany led the euro off lows, but growing expectations the ECB will ease monetary policy next week kept gains muted.
Despite Japan's tax hike and failure to push through reforms, some analysts believe the U.S. dollar is the real culprit for the Nikkei's fall.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Bank of England edging towards rate hikes.
After a batch of new earnings reports, the overall trend remains the same: disappointing.
The Federal Reserve released minutes from its last meeting, where it discussed the procedures for hiking interest rates.
Henry Dixon, U.K. equity portfolio manager at GLG, and Chris Turner, head of FX strategy at ING Financial Markets, discuss the strength of sterling and whether it is time to take profits.