Bank of England Fires Chief FX Dealer

Bank of England Fires Chief FX Dealer

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Interactive Video

Business

University

Hard

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The video discusses speculation that Japan's Prime Minister Shinzo Abe may delay a sales tax increase and call for an early election. It also covers Mark Carney's 500th day at the Bank of England and the expected dovish tone of the upcoming inflation report. Additionally, it reports on the $3.3 billion fines imposed on five banks for FX manipulation, with UBS paying the most. The Bank of England also dismissed its chief FX dealer for failing to report information sharing among traders.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the total amount that five banks were ordered to pay to settle an FX manipulation case?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the reason for the dismissal of Martin Mallet from the Bank of England?

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