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Andrew Verity
BBC economics correspondent. That should mean I'm corresponding with everyone. Views mine: facts, everyone's.
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Andrew Verity May 20
One Barclays trader, a Head of the FX Spot desk in London, tried to manipulate the ECB fix by unloading EUR 500 million right at fix time
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Andrew Verity May 20
One trader joining the Cartel chatroom for currency traders was told "mess this up and sleep with one eye open at night" (US authorities)
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Andrew Verity May 20
...- so banks can get investigated and fined for unregulated activities if the will is there
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Andrew Verity May 20
... "Although spot FX trading was unregulated during the period under investigation, the importance of managing risks..is widely recognised"
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Andrew Verity May 20
To those who've been told the FCA can't investigate unregulated activities (eg embedded swaps) have a look at the giant fine for Barclays...
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Andrew Verity May 20
Nav Sarao's barrister has asked for him not to have to report to Hounslow police three times a day; he'd be 'beleaguered by reporters'.
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Andrew Verity May 19
If negative inflation is good, why does the Governor have to apologise for it?Come back inflation, all is forgiven:
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Andrew Verity May 19
Perhaps. A time of austerity - from the last Chancellor who got us into surplus!
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Andrew Verity May 19
Strange: after finally getting rid of inflation, the hope now is that it will soon come back. Policymakers expect you to demand more pay...
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Andrew Verity May 19
if it doesn't last too long they answer is probably yes
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Andrew Verity May 19
In April food prices fell by 3.0% and prices of motor fuels fell by 12.3% (ONS)
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Andrew Verity May 19
Pulling inflation down were cheaper air fares and sea fares - and of course cheaper food
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Andrew Verity May 19
It's the first time the CPI has fallen over the year since 1960 based on comparable historic estimates.
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Andrew Verity May 19
CPI inflation is -0.1. Inflation's turned negative for the first time in more than 50 years.
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Andrew Verity May 18
Very interesting report by on Lloyds and small business
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Andrew Verity May 18
Shocking: 'BBC crew arrested, detained, for reporting on squalid living conditions of Qatar's World Cup labourers'
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Andrew Verity May 15
Parties pre-election told young people there'd be lots more houses. Better get on with it: housing construction was down 3.4% Jan-Mar
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Andrew Verity retweeted
Tom McPhail May 14
Pension freedoms one month on. Hargreaves Lansdown client transactions: 75% drawdown; 16.6% UFPLS and just 8.4% annuity purchase
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Andrew Verity May 14
The carve-out and disposal of TSB has cost Lloyds Banking Group £2.4 billion pounds - Antonio Horta-Osorio.
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Andrew Verity retweeted
& something else May 13
not in the public sector though. That's more than I have since 2008 (ish)
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