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And then the Bank of England intervened because they saw trouble in the market. That's not "it is what it is." That's "with proper insight into important market

And then the Bank of England intervened because they saw trouble in the market. That's not "it is what it is." That's "with proper insight into important market positions, economic catastrophe can be avoided."

danielmarkbruce 4y ago
Central banks have monitored derivatives markets for decades, will continue to do so and will step into the markets as a backstop from time to time. It's not going anywhere. FX swaps are critical for global trade and investment.