Bank of England warns banks over data deficiencies
- #China plans its first public auction of state crude #oil reserves to a select group of domestic refiners, the reserve's administration announced, as Beijing looks to cool high raw material costs for manufacturers.
- Some #banks and building societies are failing to supply reliable data for regulators to spot threats to the financial system, the Bank of England has warned.
- #GBP/USD firmed to a one-week high against the dollar to close the week, shrugging off Britain's weak economic data on expectations the Bank of England was set to hike interest #rates well ahead of its U.S. counterpart.
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.