The US and UK central banks are scrutinising their broadcast feeds for potential weak spots after the revelation that some traders and hedge funds may have been paying for early audio access to the Bank of England’s press conferences.
- Bank of England Deserves to be Embarrassed About Security Breach – The Guardian
- How the ECB Moved to Foil the Market Eavesdroppers – Financial News
Following inquiries by The Times, the Bank has discovered that one of its suppliers has been sending an audio feed of its press conferences to high-speed traders who hope to profit by acting on the governor’s comments before the rest of the world.Read More
The pound fell against all of its major peers as renewed concern the UK may be headed for a no-deal Brexit spurred traders to dump the currency.
- Thank You for Playing the Forex – Financial Times
- Ratings Agencies Take UK Off Downgrade Watch After Johnson’s Win – Reuters