Bank of England has no evidence it 'condoned' FX market manipulation

Andrew Bailey
Andrew Bailey

Bank of England deputy governor Andrew Bailey today revealed that the bank launched an investigation in October last year into allegations, which only reached the public domain last week, that the central bank condoned collusion between forex traders in order to manipulate daily exchange rate benchmarks.

Bailey, testifying before the UK parliament's Treasury Select Committee, said today the BoE "does not condone any form of market manipulation in any context whatsoever" and that governor Mark

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