Currencies
Currency Market 2026-08-20: ECB Reference Rates
ECB reference rates for major currency pairs on 2026-08-20 including EUR/USD at 1.1681, GBP/USD at 1.3626, and USD/JPY at 158.76 with daily changes.
Investfora ·
US2Y4.19%+0bpUS10Y4.69%+4bpUS30Y5.23%+4bpBTC$77,599▲6.91%ETH$2,415▲3.38%EUR/USD1.1699▲0.15%GBP/USD1.3656▲0.22%USD/JPY158.70▼0.04%EUR/GBP0.8567▼0.06%USD/CHF0.7995▲0.06%AUD/USD0.7168▲0.87%USD/CAD1.3740▼0.22%NZD/USD0.5987▲0.75%EUR/JPY185.66▲0.11%GBP/JPY216.72▲0.18%EUR/CHF0.9353▲0.21%USD/ZAR16.004▼1.05%USD/SGD1.2683▼0.30%EUR/PLN4.3078▼0.25%
US Treasury · CoinGecko · ECBThe latest
- ECB pressECB Consumer Expectations Survey results – July 202621 Aug · ecb.europa.eu
- Federal Reserve pressFederal Reserve Board announces approval of application by National Westminster Bank Plc20 Aug · federalreserve.gov
- CFTC press releasesCFTC Seeks Public Comments on Proposed Elimination of SEF Order Book Requirement for Permitted Transactions20 Aug · cftc.gov
- FCA newsConsumers warned to beware of risky mini-bonds and loan notes20 Aug · fca.org.uk
- SEC press releasesSEC Charges Former Executives With Fraud in Connection With $1.9 Billion Collapse of Subprime Auto Lender Tricolor18 Aug · sec.gov
Markets & News
All newsFrom the regulators
Federal Reserve press
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch
20 Aug · federalreserve.gov
FCA news
Unregulated loan notes and mini-bonds: don't risk your savings on promises of high returns
These high-risk investments should not usually be advertised widely to the public. We banned the marketing of speculative mini-bonds and loan notes to ordinary retail investors from 1 January 2021.We did this because these are complicated investments, not suitable for most people. The ban means these high-risk investments should not usually be advertised widely to the public.But some unregulated…
20 Aug · fca.org.uk
CFTC press releases
CFTC Requests Comment on the Listing of Compute Derivatives Contracts
19 Aug · cftc.gov
ECB press
Christine Lagarde: Panel remarks about the European economy during a discussion on the global economic outlook at the World Economic Forum
19 Aug · ecb.europa.eu
Elsewhere
- 5 things to know about the Chinese e-commerce juggernaut Shein ahead of its IPOMarketWatchmarketwatch.com ↗
- Guggenheim fund shares hit 17-year low after short-seller reportInvesting.cominvesting.com ↗
- US borrowing costs rise as attempts to ease rates prove short-livedBBC Businessbbc.co.uk ↗
- Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agencyCNBC Financecnbc.com ↗
- Tesla stock’s jumps as the company gets ready for a robotaxi pushMarketWatchmarketwatch.com ↗
- Allianz Commercial names Emma Woolley to specialty roleInvesting.cominvesting.com ↗
Links to other publications’ reporting. Only our own broker pages carry our verification.
Trading
All trading coverage
What is leverage in trading?
Leverage explained mechanically: what borrowing to trade does to gains, losses and margin — with the arithmetic shown.
Broker fee structures explained
Spreads, commissions, swaps, inactivity fees — how each works mechanically and where costs hide. No comparisons of named brokers.
Copy trading: what's actually regulated
How copy/social trading works mechanically, which parts of the chain a licence typically covers, and why the trader you copy is usually not regulated at al
Broker Watch
Broker indexOur research desk checks the licences brokers claim against the regulators’ own registers, daily. Every figure links to the register entry it came from.
Latest from the register
All news- TickmillFinancial Conduct AuthorityUnverifiedVerified
- eToroFinancial Conduct AuthorityUnverifiedVerified
- Trade NationFinancial Conduct AuthorityUnverifiedVerified
- EightcapFinancial Conduct AuthorityUnverifiedVerified
New on the FCA warning list
- wealth-db.co.uk (clone of FCA Authorised firm) (new)
- www.keylinefinance.com (new)
- Sygnum Global (new)
- Surecover Group Ltd (new)
- Cover Your Bubble Limited (new)
- HURON FINANCIAL GROUP LLC (new)
Firms the FCA says may be operating without its permission — from the FCA’s own list, linked to their page.
Guides
All guides
What is dollar-cost averaging?
How investing a fixed amount on a fixed schedule works, why the same money buys more units when prices fall, and what the method does not claim to deliver.
What is diversification?
How spreading money across holdings limits what one failure can cost, why it cannot stop a whole market falling, and where funds fit in.
What is an emergency fund?
How a cash buffer absorbs income shocks, why it is conventionally sized in months of essential expenses, and what keeping it accessible costs in return.
What is a stock?
A share is a fraction of ownership in a company. How shares are issued and traded, what the quoted price means, and what owning one entitles you to.
Tools
All toolsArithmetic only. They show the formula applied and do not account for fees, slippage or gap risk.
Key Terms
All terms- Lot sizeThe standardised quantity of the underlying asset that a single trade contract represents, fixed by market convention rather than chosen freely for each trade.
- MarginMoney a broker requires as security when lending funds for a position, forming the deposit behind leverage and absorbing losses first.
- Market capitalisationThe total value the market places on a company, calculated by multiplying its share price by the number of shares in issue.
- Market orderAn instruction to trade immediately at whatever price the market currently offers, fixing the timing of execution but not the price received.
By country
A licence issued in one country rarely protects a client in another. These pages set out which licences actually reach each market.