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<p>The Financial Conduct Authority is investigating allegations of misconduct in foreign
exchange markets. The Government is clear that any attempted manipulation of foreign
exchange markets is completely unacceptable and it is leading the reform agenda both
internationally and within the EU to reform the governance of financial benchmarks.
The Government has also launched a joint review by the Treasury, the Bank of England
and the Financial Conduct Authority into the way wholesale financial markets operate.</p><p>
</p><p>However, it would be inappropriate for the Government to comment on any potential
or ongoing investigations.</p>
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