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Sants quits as head of UK Financial Services Authority – FT

FSA has no immediate comment on report that CEO Sants has quit.

EDIT: FSA CONFIRMS SANTS TO STEP DOWN IN SUMMER OF 2010.

Cable sits at 1.5575, halfway through aforementioned 65/85 buy orders. 

EUR/GBP up on the day, presently at .8810 from early .8775.  If I remember rightly good old Barclays Capital yesterday had an .8830  target for EUR/GBP.  Not far to go now peeps.

By Gerry Davies  || February 9, 2010 at 10:13 GMT
Category: All, Mkt Talk, Politics/Policy, Regions, orders || Tags: , , || 3 comments || Add comment
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Warning of new housing crash because FSA’s reform plan is too weak

A second housing crash could occur shortly after the general election because recommendations by the FSA on reforming the UK mortgage market are too timid, a conference on long-term thinking in finance heard today.

Interesting.  Personally I’ve a feeling UK house prices may surprise on the downside this year, which seems to fly in the face of conventional wisdom from what I’ve been reading.

By Gerry Davies  || February 2, 2010 at 06:06 GMT
Category: All, Economy, Europe, Regions || Tags: , || 0 comments || Add comment
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