UK Government’s Controversial Early Peeks at Economic Stats to End – Wall Street Journal (subscription)
Britain’s statistics body said it would stop giving the government access to official data ahead of public release, a practice which many UK lawmakers had long fought to keep even as statisticians complained it increased the chances of leaks. Read More
Dollar Gains as Fed Sticks to Guns on Policy Tightening – Reuters
The dollar inched higher, with expectations of another Federal Reserve rate hike this year kept alive by a policy meeting that also pointed the way to a trimming of the huge emergency funds pumped into the economy since 2009.
‘Cartel’ Currency Traders Will Attempt to Prevent US Trial – Financial Times (subscription)
Three British-based former currency traders will try to get their criminal case thrown out of a New York court before it reaches trial after surrendering to US authorities following their sprawling probe into alleged rigging of foreign-exchange benchmarks. Read More
Cartel Traders Agree to US Extradition – Profit & Loss
Court documents filed in New York this week indicate that three members of the notorious “Cartel” chat room have agreed to extradition to the US to be arraigned on charges of conspiracy to rig FX markets. Read More