Does Reuters provide the 4pm London Spot rate for currencies?
The interpretation is correct. The Reuters may give you the London 4PM rates if you query after the close for the day. The close rate is treated as the rate.  http://uk.reuters.com/business/currencies/quote?srcAmt=1&srcCurr=GBP&destAmt=&destCurr=USD The London 4PM rate may be obtained from Bank of England at the link below; http://www.bankofengland.co.uk/mfsd/iadb/index.asp?Travel=NIxSTxTIx&levels=1&XNotes=Y&XNotes2=Y&Nodes=X3790X3791X3873X33940&SectionRequired=I&HideNums=-1&ExtraInfo=false&A3836XBMX3790X3791.x=4&A3836XBMX3790X3791.y=3 Or any other Bank that provides such data
"The answer to each of your questions is no. It is important to appreciate that the ""quoted"" ticker price may be delayed by say 15 minutes, and thus is not ""real-time.""" They could have different quotes as there are more than a few pieces here.  Are you talking a Real Time Level II quote or just a delayed quote?  Delayed quotes could vary as different companies would be using different time points in their data.  You aren't specifying exactly what kind of quote from which system are you using here. The key to this question is how much of a pinpoint answer do you want and how prepared are you to pay for that kind of access to the automated trades happening?  Remember that there could well be more than a few trades happening each millisecond and thus latency is something to be very careful here, regardless of the exchange as long as we are talking about first-world stock exchanges where there are various automated systems being used for trading. Different market makers is just a possible piece of the equation here.  One could have the same market maker but if the timings are different,e.g. if one quote is at 2:30:30 and the other is at 2:30:29 there could be a difference given all the trades processed within that second, thus the question is how well can you get that split second total view of bids and asks for a stock.  You want to get all the outstanding orders which could be a non-trivial task. I work for a fund management company and we get our news through two different service providers Bloomberg and Thomson One. They don't actually source the news though they just feed news from other providers Professional solutions (costs ranging from $300-1500+ USD/month/user) Bloomberg is available as a windows install or via Bloomberg Anywhere which offers bimometric access via browser. Bloomberg is superb and their customer support is excellent but they aren't cheap. If you're looking for a free amateur solution for stock news I'd take a look at There are dozens of other tools people can use for day trading that usually provide news and real time prices at a cost but I don't have any direct experience with them Have you looked at ThinkorSwim, which is now part of TD Ameritrade? Because of their new owner, you'll certainly be accepted as a US customer and the support will likely be responsive. They are certainly pushing webinars and learning resources around the ThinkorSwim platform. At the least you can start a Live Help session and get your answers. That link will take you to the supported order types list. Another tab there will show you the currency pairs. USD is available with both CAD and JPY. Looks like the minimum balance requirement is $25k across all ThinkorSwim accounts. Barron's likes the platform and their annual review may help you find reasons to like it. Here is more specific news from a press release: OMAHA, Neb., Aug 24, 2010 (BUSINESS   WIRE) -- TD AMERITRADE Holding   Corporation (NASDAQ: AMTD) today   announced that futures and spot forex   (foreign exchange) trading   capabilities are now available via the   firm's thinkorswim from TD AMERITRADE   trading platform, joining the recently   introduced complex options   functionality. Today's rate is 23.21 bps.  I'm going to list years forward, spot rate, forward rate.  1, 30.27, 61.77   2, 63.64, 155.73   3, 107.15, 228.04   4, 143.16, 266.31   5, 172.55, 290.12  These are bids, but mids are all within a basis point Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&amp;Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. 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Dismiss cookie message Accessibility helpSkip to navigationSkip to contentSkip to footer    Financial Times MYFT HOME WORLD UK COMPANIES MARKETS OPINION WORK &amp; CAREERS LIFE &amp; ARTS Portfolio My Account    HOME WORLD UK COMPANIES MARKETS OPINION WORK &amp; CAREERS LIFE &amp; ARTS MYFT Bank stress tests  Add to myFT US banks pass first round of annual stress tests  Clean bill of health from Federal Reserve opens door to increased shareholder payouts Read next Week in Review Week in Review, July 1   © AFP Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Email4 Save JUNE 22, 2017 by: Alistair Gray and Ben McLannahan in New York and Barney Jopson in Washington US banks have big enough capital buffers to keep trading through an economic meltdown, regulators said on Thursday, in a finding that improves their chances of boosting payouts to shareholders.  In the first round of this year’s stress tests, the Federal Reserve probed how 34 banks would fare in a financial and economic slump in which the unemployment rate doubles and the stock market loses half its value. The central bank calculated that the banking sector would endure $493bn in losses in the simulated downturn.  Yet officials concluded that the banks would emerge from the crash “well capitalised”, with cushions of shareholder funding still above the Fed’s minimum required levels.  The largely upbeat results augur well for US banks as the Fed prepares to unveil the results of the tests’ second round next week, when investors will learn how much capital they can return through dividends and share buybacks.  However, the figures released on Thursday do not foretell what the Fed will say about payouts, not least because regulators can approve or block US banks’ capital plans on qualitative as well as quantitative grounds.  Lex Bank stress tests: chilled The once-vital check on the industry’s health is outliving its usefulness   UBS analysts estimate that the four biggest by assets — JPMorgan, Bank of America, Citigroup and Wells Fargo — will be able to return a net $59.8bn this year, rising to $72.3bn in 2018.  Citi and Morgan Stanley could be among about a dozen banks that will make requests to return more than 100 per cent of their annual earnings to shareholders, according to Goldman Sachs analysts.  Despite the positive stress test results, not all investors would be comfortable with such a bonanza. Bill Hines, a fixed-income investment manager at Aberdeen Asset Management in Philadelphia, said the prospect of payouts in excess of profits “does scare us a little bit”.  “If the safety blanket is pulled away . . . that may come to the detriment of capital and safety.”  Across-the-board passes for the stress-test are “a good thing,” he said, as it shows that banks have rebuilt capital levels substantially since the crisis. “But from a creditor’s standpoint you don’t want to see all the profits go out the door.”   While banks have already told the Fed what they propose to do on dividends and buybacks, they are now able to make more conservative payout plans if, based on the first-round results, they think it will reject them in the second round.  Related article Regulators back Trump on looser financial rules Officials endorse Volcker rule revamp and bank relief from burden of ‘stress tests’   The regulator’s simulated downturn lasts for nine quarters. Banks’ overall loan losses and declines in capital under the worst crisis scenario were smaller than in last year’s stress tests, Fed officials said.  Still, the test found that some banks would come close to breaching regulatory minimums during the meltdown on some metrics. For instance, Morgan Stanley’s “supplementary leverage ratio” — a new measure of financial strength that takes effect in 2018 — would drop as low as 3.8 per cent compared with a required level of 3 per cent.  The results also drew attention to banks’ exposure to credit card lending. The Fed found banks would suffer the biggest losses in their card portfolios in the hypothetical crisis.  Fed officials said that partly reflected a rapid expansion in the size of banks’ credit card assets and rising delinquency rates in the real world.  Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. 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Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Email4 Save Latest on Bank stress tests Week in Review Week in Review, July 1 Fed stress tests give $1.6bn boost to Buffett Fed gives nod to ‘payout party time’ for banks Lex US banks: feeling special Premium Stress tests clear big US banks for $100bn payout Read latest Week in Review Week in Review, July 1 Latest on Bank stress tests Add to myFT Week in Review Week in Review, July 1 US banks pass test; Google, Takata, Fox and M&amp;A also in the news   Banks Fed stress tests give $1.6bn boost to Buffett Investor is one of the largest holders of US bank stocks and will reap big dividends Analysis Bank stress tests Fed gives nod to ‘payout party time’ for banks Buybacks and dividends set to soar after industry passes latest stress test Latest in Banks Add to myFT Central Banks BoE successfully tests new payment method ‘Interledger’ programme synchronises transactions between two central banks 3 HOURS AGO   US banks US consumers set to be given power to sue banks Financial institutions express fury at CFPB proposal that could spur class actions UK banks BoE warns UK banks on accounting practices PRA chief Sam Woods says lenders should ‘expect questions’ on balance sheet trickery Follow the topics mentioned in this article JPMorgan Chase &amp; Co. Add to myFT Companies Add to myFT Banks Add to myFT Wells Fargo Add to myFT Citigroup, Inc. Add to myFT Follow the authors of this article Barney Jopson Add to myFT Alistair Gray Add to myFT Take a tour of myFT Support View Site Tips Feedback Help Centre About Us Accessibility Legal &amp; Privacy Terms &amp; Conditions Privacy Cookies Copyright Slavery Statement Services FT Live Share News Tips Securely Individual Subscriptions Group Subscriptions Republishing Contracts &amp; Tenders Analysts Research Executive Job Search Advertise with the FT Follow the FT on Twitter Ebooks UK Secondary Schools Tools Portfolio Today's Newspaper (ePaper) Alerts Hub Lexicon MBA Rankings Economic Calendar News feed Newsletters Currency Converter More from the FT Group Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2017. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice. CloseFinancial Times UK Edition Switch to International Edition Top sections Home World  Show more World links UK  Show more UK links Companies  Show more Companies links Markets  Show more Markets links Opinion  Show more Opinion links Work &amp; Careers  Show more Work &amp; Careers links Life &amp; Arts  Show more Life &amp; Arts links Personal Finance  Show more Personal Finance links Science Special Reports FT recommends Lex Alphaville EM Squared Lunch with the FT Video Podcasts Blogs News feed Newsletters myFT Portfolio Today's Newspaper (ePaper) Crossword Help Centre My Account Sign Out What you want is the distribution yield, which is 2.65. You can see the yield on FT as well, which is listed as 2.64. The difference between the 2 values is likely to be due to different dates of updates. http://funds.ft.com/uk/Tearsheet/Summary?s=CORP:LSE:USD "What you're looking for are either FX Forwards or FX Futures.   These products are traded differently but they are basically the same thing -- agreements to deliver currency at a defined exchange rate at a future time.   Almost every large venue or bank will transact forwards, when the counterparty (you or your broker) has sufficient trust and credit for the settlement risk, but the typical duration is less than a year though some will do a single-digit multi-year forward on a custom basis.  Then again, all forwards are considered custom contracts.  You'll also need to know that forwards are done on currency pairs, so you'll need to pick the currency to pair your NOK against.  Most likely you'll want EUR/NOK simply for the larger liquidity of that pair over other possible pairs. A quote on a forward will usually just be known by the standard currency pair ticker with a settlement date different from spot.  E.g. ""EUR/NOK 12M"" for the 12 month settlement. Futures, on the other hand, are exchange traded and more standardized.  The vast majority through the CME (Chicago Mercantile Exchange).  Your broker will need access to one of these exchanges and you simply need to ""qualify"" for futures trading (process depends on your broker).  Futures generally have highest liquidity for the next ""IMM"" expiration (quarterly expiration on well known standard dates), but I believe they're defined for more years out than forwards.   At one FX desk I've knowledge of, they had 6 years worth of quarterly expirations in their system at any one time.  Futures are generally known by a ticker composed of a ""globex"" or ""cme"" code for the currency concatenated with another code representing the expiration.  For example, ""NOKH6"" is 'NOK' for Norwegian Krone, 'H' for March, and '6' for the nearest future date's year that ends in '6' (i.e. 2016).   Note that you'll be legally liable to deliver the contracted size of Krone if you hold through expiration!  So the common trade is to hold the future, and net out just before expiration when the price more accurately reflects the current spot market." Here are some pretty big name news agencies which have a section dedicated to commodities: CNN Bloomberg Reuters I'm answering in a perspective of an End-User within the United Kingdom. Most stockbrokers won't provide Real-time information without 'Level 2' access, however this comes free for most who trade over a certain threshold. If you're like me, who trade within their ISA Holding each year, you need to look elsewhere.  I personally use IG.com. They've recently began a stockbroking service, whereas this comes with realtime information etc with a paid account without any 'threshold'. Additionally, you may want to look into CFDs/Spreadbets as these, won't include the heavy 'fees' and tax liabilities that trading with stocks may bring. "I've done exactly what you say at one of my brokers.  With the restriction that I have to deposit the money in the ""right"" way, and I don't do it too often.  The broker is meant to be a trading firm and not a currency exchange house after all.  I usually do the exchange the opposite of you, so I do USD -> GBP, but that shouldn't make any difference. I put ""right"" in quotes not to indicate there is anything illegal going on, but to indicate the broker does put restrictions on transferring out for some forms of deposits.    So the key is to not ACH the money in, nor send a check, nor bill pay it, but rather to wire it in.  A wire deposit with them has no holds and no time limits on withdrawal locations.  My US bank originates a wire, I trade at spot in the opposite direction of you (USD -> GBP), wait 2 days for the trade to settle, then wire the money out to my UK bank.  Commissions and fees for this process are low.  All told, I pay about $20 USD per xfer and get spot rates, though it does take approx 3 trading days for the whole process (assuming you don't try to wait for a target rate but rather take market rate.)" Rates are arrived at by the cumulative buying and selling on the foreign exchange market, much the same way that stock prices are arrived at.  If there are more people wanting to buy dollars with euros, EUR/USD goes down.  If more people want to buy euros with dollars, then EUR/USD goes up. The initial rate was about $1.18 per euro when it began trading on January 1st, 1999.  It replaced the European Currency Unit at that time, which was a weighted basket of currencies of (more or less) the participating countries. You're correct about the printing press in the US and other countries.  The exchange rates do reflect in part how much of a relative workout those printing presses get. An alternative to paying thousands of dollars for historical prices by the minute:  Subscribe to real time data for as low as USD$1.5/month from your broker, then browse the chart. Yes, one such provider is: https://www.fxcompared.com/ They allow you to compare a number of foreign currency providers, and take into account all of the fees and spreads, and give you a simple number which you can use to compare them - the amount of foreign currency you get for your domestic currency. "This is the best tl;dr I could make, [original](http://www.reuters.com/article/uk-britain-sterling-idUSKBN1AR0M9) reduced by 75%. (I'm a bot) ***** &gt; LONDON - Sterling fell to a fresh 10-month low against the euro on Friday as investors added bearish bets against the British currency on concerns the economy may be struggling to gain momentum.  &gt; Sterling fell 0.2 percent to 90.92 pence against the euro, its lowest level since October 2016.  &gt; It has fallen for two consecutive weeks and has weakened nearly 9 percent against the euro since early May. Morgan Stanley strategists are predicting euro parity with the pound in the first quarter of 2018.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6thf3f/british_pound_further_down/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~190040 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **against**^#1 **since**^#2 **Sterling**^#3 **week**^#4 **euro**^#5"