Archive - April, 2012

The UK financial services regulator announced yesterday that they had arrested a trader in a suspected unauthorised foreign exchange trading scheme. With the assistance of the City of London Police, the Financial Services Authority (FSA) today executed a search warrant at one address in East London in connection with an investigation into a suspectedunauthorised foreign exchange trading scheme. A 23 year old man was arrested on suspicion of committing offences under the Financial…

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The latestquarterlysurvey from the British Chambers of Commerce (BCC) said the the UK economy has shown a few signs of improvement in the last three months. It is refreshing to see an article that ispositive, as the majority of articles highlight the potential fallout from a Euro-zone breakup. The BCC expects economic growth of 0.3% in the quarter 1 of 2012, which is in contrast to the announcement of the OECD last week which predicts the UK economy to contract. This would be quarter on quar…

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