Unexplained Trading in Pound Last Month Wasn’t a First

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Unexplained Trading in Pound Last Month Wasn’t a First
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Data show unusual trading activity in the pound just before Bank of England announcements in January and December

The U.K.’s Financial Conduct Authority has said it is looking into unusual trading that occurred before a Bank of England policy meeting on Jan. 30.

Yet trading-volume data show there was also unusually high activity in the pound the previous month, compared with other announcements dating back to early 2017.

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