Present-Clue-101
Present-Clue-101 t1_iylfxss wrote
Reply to comment by AjaxII in Brighton most godless city in England, Census 2021 reveals by xanh86
That would be Birmingham
Present-Clue-101 t1_iyii1tt wrote
Well it worked with San Fransisco!
Present-Clue-101 t1_iy79in4 wrote
Reply to comment by AMeasuredBerserker in Barbados plans to make Tory MP pay reparations for family’s slave past by rein_deer7
I guess there is a case to say that the land/property aqcuired during the slave period might be considered illegal, but any of the rest would be kept by the MP.
Present-Clue-101 t1_ixyf331 wrote
Reply to comment by nowjeon906 in ELI5: Who actually adjusts a currency exchange rate using global supply and demand data? by nowjeon906
It's complicated because Bloomberg, Reuters and the Financial Times are usually top-level economic data companies that many banks themselves will source data from, but these media companies will in-turn source their data from the banks. Other sources include the central banks, brokers, IMF, statistics companies, investment mangagement firms, investors, companies that deal in large amounts of FX, etc... basically anyone who is considered by the media company to be affecting FX rates.
The top three that I listed above certainly have similar levels of access to financial data for live FX rates, but technically media companies will compete to provide the best FX rates possible so obviously there will be differences between companies.
Present-Clue-101 t1_ixycjj5 wrote
Reply to ELI5: Who actually adjusts a currency exchange rate using global supply and demand data? by nowjeon906
Techncially there isn't a single source and formula. Every company that publishes FX data (Bloomberg, Financial Times etc...) collects data from hundreds of sources such as banks, brokers etc... to come to a conclusion which is usually around the same ballpark due to similar methodology (especially considering that an FX rate can go into many digits after the decimal point). And generally everyone in the market will sell for around the same rate, with any "exceptions" being accounted for and excluded by the methodology. If someone were to sell/buy a large amount of a currency at a rate that deviates from the general FX rate, then it is likely that that currency trade would change the FX rate for the entire market.
The central banks also publish their own FX rates, but whether they themselves consider the rates to be "authoritive" differs from country to country.
Another authoritive source may be interbank exchange rates that are established by banks when they want to trade with each other - it is this rate that Google publishes and usually everyday retail FX rates are more expensive.
Present-Clue-101 t1_iz1f7mh wrote
Reply to comment by I_DONT_WANT_TO_POST in Homelessness charity staff start strike, after low pay risks homelessness by db_2_k
What is government supposed to do about the salaries at charities? It's a private entity and probably not part of a union.