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FCA 'looking into' jump in pound before Bank of England rates decision
A jump in the pound just before the Bank of England's rates decision was announced will be investigated by the markets' watchdog. The Financial Conduct Authority said it is "looking into" claims that some currency buyers might have known the decision before it was made public at midday on Thursday. Before the Bank announced its intention to hold rates at 0.75%, analysts were divided on their predictions, with some saying they had never seen a rates decision so difficult to predict. Sterling had started the day weaker against the US dollar, as is usual ahead of the Bank's big announcements. At 11.59am it was at ... (full story)
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