• GBP/USD Pound updated daily low background of the scandal surrounding Libor rates

Market news

4 July 2012

GBP/USD Pound updated daily low background of the scandal surrounding Libor rates

 

 

In addition to the weak British data PMI, which disappointed the pound, the negative impact on the pair GBP / USD had a scandal around the definition of policy rates Libor. In the parliament held a hearing on the matter, in particular, now began to address the former CEO Barclay Diamond, who left his post yesterday. Regulators will try to determine whether some banks deliberately carried Libor rate manipulation by providing false information during the financial crisis.

Pair updated daily low of $ 1.5593 and is now trading at $ 1.5614

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