frosty (chris) Posted November 12, 2014 Posted November 12, 2014 Ineresting article in the DailyMail Online, how the 5 big banks have just been fined 2 billion pounds for rigging/manipulating the forex market, this goes to show the markets whether forex or stock markets are rigged for the benefit of a few. I was wrong in saying it is a $3 trillion dollar a day market for forex, after reading this article it is 3 trillion pounds a day, even most central banks wouldn't have those sorts of funds to take these banks on, when you consider 1 weeks trading and you could be in to the tune of 15 trillion pounds.Tried to provide a link but couldn't get it done. Link to comment Share on other sites More sharing options...
Dave Hounddriver Posted November 12, 2014 Posted November 12, 2014 5 big banks have just been fined 2 billion pounds I just googled that phrase to find loads of links . . like this one http://www.dailymail.co.uk/wires/pa/article-2831019/Banks-face-1bn-forex-penalty.html 2 Link to comment Share on other sites More sharing options...
frosty (chris) Posted November 12, 2014 Posted November 12, 2014 5 big banks have just been fined 2 billion pounds I just googled that phrase to find loads of links . . like this one http://www.dailymail.co.uk/wires/pa/article-2831019/Banks-face-1bn-forex-penalty.html Thanks Dave, I was on there website and couldn't get it to link, dumb a sh....t me :1 (103): 2 Link to comment Share on other sites More sharing options...
Jack Peterson Posted November 13, 2014 Posted November 13, 2014 how the 5 big banks have just been fined 2 billion pounds for rigging/manipulating the forex market, Forbes.com: Most popular stories - When Will This Administration Finally Imprison Crooked Bankers? 1 Link to comment Share on other sites More sharing options...
OnMyWay Posted November 19, 2014 Author Posted November 19, 2014 Wild swings in the Peso / Dollar today. Got as high as 45.30. Now 45.16. Link to comment Share on other sites More sharing options...
Steve & Myrlita Posted November 20, 2014 Posted November 20, 2014 Not for long. Remember the BSP has orders to not let it go too much over P45. Link to comment Share on other sites More sharing options...
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