20-10-2016 19:58 via uk.news.yahoo.com

BIS to hear initial verdict on sterling crash in November

By Patrick Graham LONDON (Reuters) - Central bank officials looking into the factors behind the dramatic fall sterling took on Oct. 7 will make an initial report to the Bank for International Settlements in early November, sources with knowledge of the investigation said. Bank of England Governor Mark Carney, who also heads the BIS committee, asked the Swiss-based central banks' central bank to investigate. "BIS is still in the information-gathering phase but they have a pretty good idea of what
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