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Alexis Stenfors

Alexis Stenfors

Senior Lecturer in Economics and Finance, University of Portsmouth

I have been a Senior Lecturer at Portsmouth Business School since January 2014 and work within the Economics and Finance subject group. I have 15 years of experience from the foreign exchange and interest rate derivatives markets, having been a trader at HSBC, Citi, Crédit Agricole and Merrill Lynch. In 2009, I returned to academia to do research on the LIBOR and completed my doctoral thesis with the title ‘Determining the LIBOR: A Study of Power and Deception’ in 2013. I have also held teaching positions at SOAS (University of London) and Olin Business School (Washington University in St. Louis). My recent research on benchmark manipulation has been published in journals such as the Journal of International Financial Markets, Institutions & Money and the Review of Political Economy. I am also the author of ‘Barometer of Fear: An Insider’s Account of Rogue Trading and the Greatest Banking Scandal in History’ (London: Zed Books, May 2017).

'The day the world changed' – a former trader on how the credit crunch kicked off

Aug 07, 2017 15:39 pm UTC| Insights & Views Economy

When I received a phone call from a trader colleague at Merrill Lynch on August 9 2007, I was in the middle of chopping wood in the Swedish countryside. As always, I had my mobile on me in case of an emergency. I...

The scandal might be over but LIBOR ethics remain fundamentally flawed

May 13, 2017 03:30 am UTC| Insights & Views Law

When I was a trader at HSBC, Citibank, Crédit Agricole and Merrill Lynch, being able to accurately predict the the London Interbank Offered Rate (or LIBOR) each day was a central part of my job. It was, and still...

1 

Economy

USD/ZAR likely to head towards 14.00 over the coming quarter, says Commerzbank

The USD/ZAR currency pair is expected to head towards a level of 14.0 over the coming quarter, owing to lower interest rates in the economy. The South African Reserve Bank (SARB) is scheduled to meet today for a monetary...

New Zealand bonds gain at close on loss of investor appetite despite ruling National Party’s lead at latest polls

The New Zealand bonds gained at the time of closing Thursday as investors poured into safe-haven instruments, away from riskier equities and oil, despite the ruling National Party gaining traction in the latest NZ election...

Malaysia CPI inflation surprisingly rises in August, owing to higher oil prices

Malaysias consumer price-led inflation index (CPI) for the month of August surprised on the upside after four consecutive months of decline, headline CPI inflation picked up in August to register 3.7 percent y/y, from 3.2...

JGBs remain little changed after BoJ stands pat on monetary policy decision

The Japanese government bonds remained little changed Thursday after the Bank of Japan kept monetary policy steady on Thursday and maintained its upbeat view of the economy, signaling its conviction that a solid recovery...

Australian bonds plunge following weakness in U.S. treasuries; RBA Governor Lowe's speech in focus

The Australian bonds plunged Thursday, following weakness in the U.S. counterpart after the Federal Reserve announced its policy decision yesterday, announcing that it will begin its balance sheet normalization next month....

Politics

Undocumented youth divided over how to fight back against Trump immigration clampdown

Young immigrants from across the US participated in the first act of civil disobedience by undocumented youth under the Trump administration on July 26 in Texas. After protesters sat in the street outside the state capitol...

India at 70: after the celebrations, single-party dominance menaces democracy

Seventy years ago, Jawaharlal Nehrus famous Tryst with Destiny speech not only marked Indias independence from British rule but also expressed the vision for a united, democratic, egalitarian and modern country. Not...

Can corporate America afford to walk away from President Trump?

After campaigning as the candidate best able to work with business, President Donald Trump has shown he is anything but. A stream of resignations from high-level business counsels hit a crescendo recently when Trump was...

Little prospect of regime change in Russia short of a popular uprising – and that's unlikely

Vladimir Putins power in Russia can often look unassailable. However much Western media might champion potential opponents, the president maintains a tight grip, and its easy to see why. Any successor to Putin who was not...

Warning signs of mass violence – in the US?

There are those who say that comparing President Donald Trumps rhetoric to that of Adolf Hitler is alarmist, unfair and counterproductive. And yet, there has been no dearth of such comparisons since the 2016...

Science

Scientists Create Robots The Size Of DNA Strands That Can Rearrange Molecules

Robots are great for a lot of things and can perform functions that humans would either have a hard time accomplishing or simply would not be able to do. Among the latter case is rearranging the molecules of a living...

China Signs Deal With Israel Over Lab-Grown Meat, Food For The Future

With the world facing the global crisis known as climate change, most countries are doing whatever they can to reduce carbon emissions. However, one of the biggest contributing factors to greenhouse gasses that is rarely...

Denmark Finally Sells Last Oil Company For $7.45 Billion

As a country committed to fighting climate change and reducing its carbon footprint, Denmark is finally selling off the last remaining oil company in the country. The oil firms were owned by A.P. Moller-Maersk A/S and the...

Trump’s Pick For NASA Head Is Not A Scientist And A Prominent Climate Change Denier

The Trump administration has proven to be incompetent in filling crucial roles with qualified people, evidenced by an anti-EPA EPA head and an anti-DOE head of DOE. Now, the president has nominated a non-scientist who is...

Scientists Can Now Bioengineer Lungs, Reducing Potential Deaths Due To Organ Shortage

At this point, its no secret that being placed on the organ transplant list is no guarantee of survival if patients are in need of a new heart, or liver, or lung. One of the ways that this problem can be solved is by...

Technology

Electric Bus Breaks World Record In Long Distance Driving In A Single Charge, 1,100 Miles

Range is the biggest problem that most people have when it comes to electric vehicles, but as one company that made an electric bus just proved, this is really not an issue. Packing some really big batteries, a bus by a...

Nintendo Finally Issues Take Down For Super Mario 64 Online

Well, it was only a matter of time and it seems Nintendo has finally noticed the Super Mario 64 Online mod. As expected, the video game giant has issued a takedown notice to the people behind the project, which it has done...

Hidden Switch NES Golf Is Apparently A Tribute To Late Video Game Legend Satoru Iwata

Recently, reports of the Nintendo Switch having a hidden NES Golf game in its codes started circulating. At the time, it was thought to be a fun little detail in a console thats simply rocking the industry with its...

Apple Intentionally Makes iPhones Vulnerable To Hacking With iOS 11

With the tech world constantly being besieged by hacking threats at every single moment of every day, users expect companies like Apple to make them safer, not more vulnerable. However, it would seem that the Cupertino...

HTC Suspends Trading Amid Google Acquisition Rumors

HTC just suspended trading of its stocks in the Taiwan Stock Exchange, which is reportedly due to the matter of Googles impending acquisition of the company. Neither company has yet to confirm if this is actually...
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September 21 08:30 UTC Released

GBPSNCR, MM GBP

Actual

0.037 Bln GBP

Forecast

Previous

-3.912 Bln GBP

September 21 08:30 UTC Released

GBPSNB, MM GBP

Actual

5.093 Bln GBP

Forecast

Previous

-0.76 Bln GBP

September 21 12:00 UTC 192192m

BRIPCA-15 Mid-Month CPI

Actual

Forecast

0.15 %

Previous

0.35 %

September 21 12:00 UTC 192192m

BRIPCA-15 Mid-Month CPI YY*

Actual

Forecast

2.60 %

Previous

2.68 %

September 21 12:30 UTC 222222m

CAWholesale Trade MM

Actual

Forecast

-0.9 %

Previous

-0.5 %

September 21 12:30 UTC 222222m

USInitial Jobless Claims

Actual

Forecast

300 k

Previous

284 k

September 21 12:30 UTC 222222m

USJobless Claims 4-Wk Avg

Actual

Forecast

Previous

263.25 k

September 21 12:30 UTC 222222m

USContinued Jobless Claims*

Actual

Forecast

1.975 mln

Previous

1.944 mln

September 21 12:30 UTC 222222m

USPhilly Fed Business Indx

Actual

Forecast

17.2 %

Previous

18.9 %

September 21 12:30 UTC 222222m

USPhilly Fed 6M Index

Actual

Forecast

Previous

42.3 bln

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