In an exclusive interview with institutional forex trading publication, Finance Magnates, Director Simon Appleton said of the impact of recent high-profile LIBOR and FX fixing breaches:
“Every [manipulative] action they [big banks] take can have an impact on us, the end investor. When we go and get our foreign currency, it can affect those rates… when you manipulate interest rates, it can affect what we pay on our mortgage each month. So it has an effect down to the end user.”
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