Allegations by some media that the BoE knew about FX fix manipulation practices are groundless This has to be one of the weirdest twists in FX trading history – first of all we are getting a report by Bloomberg that officials at a major central bank, namely the Bank of England have been talking to…
Read moreBank of England’s governor Mark Carney dashed hopes for an independent Scotland that uses the British Pound A couple of weeks after the Scottish independence currency question has resurfaced, our thesis that a currency union with the UK would undermine its ultimate goal of sovereignty has been confirmed by none other but the current governor…
Read moreBank of England officials could have known about practices surrounding the 4 pm London fix The 4pm London FX fixing scandal is taking a new direction from a document that UK’s central bank released yesterday responding to a Freedom of Information Request made by Reuters. Bank of England officials have met with senior FX dealers…
Read moreNew Bank Of England £5 and £10 denominated polymer banknotes in circulation Chances are that you are already acquainted with plastic legal tender notes (or the fancier name polymer banknotes) since they are already widely adopted in many countries around the world including Australia, Israel, Canada, Malaysia and New Zealand. Well the United Kingdom is…
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