compared to whether it was actually going on
Carney continues his testimony which Ryan posted on here and defending the BOE position understandably to the Treasury Select Committee
Discussion today based on findings so far from the Grabiner report into forex market trading between 2005-2013 and the involvement by BOE staff with regard to any knowledge of manipulation of the forex fixings. The Old Lady's written reply prior to this meeting is here
Nothing here that's going to have immediate impact on the markets but we are already seeing many interbank trading rooms cut back on trading volumes as montoring on "non-essential" business continues in the wake of these on-going investigations
Do not underestimate the impact it may eventually have when fuller findings are released later in the year
You can follow the current discussions on BBC TV here
