FTSE LIVE: Bank of England in audio feed scandal; FRC investigates Thomas Cook

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The pound is steady ahead of Bank of England


FTSE LIVE: Bank of England in audio feed scandal; FRC extends investigation into Thomas Cook; RBS investment bank bosses step down

  • Footsie flat despite Trump’s impeachment as markets slow down for Christmas 
  • Pound steadies ahead of Bank of England’s interest rates decision at 12pm 
  • Bank of England investigating firms ‘eavesdropping’ on press conferences
  • Financial Reporting Council enhances its investigation into Thomas Cook
  • Two senior Royal Bank of Scotland bosses have quit the banking firm  

The FTSE is virtually flat at 7,534 while the pound has also settled and is worth $1.31 today.

The Bank of England has admitted hedge funds were able to listen to an audio feed of its press conferences before they were made public. 

In a statement, the Bank admitted that the audio feed had been ‘misused by a third party supplier to the Bank since earlier this year,’ following a report by The Times.

The financial services watchdog is expanding its investigation into the failed travel agent Thomas Cook. It will now analyse financial statements from the company’s auditors Ernst & Young.

Meanwhile, the CEO and CFO of the Royal Bank of Scotland’s investment banking division have announced they are resigning from the bank.

The pound is steady ahead of Bank of England’s interest rates decision at 12pm

 

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