Peston Tweet Taken at Face Value Costs Currency Traders

Peston earlier tweeted that the ERG were falling in behind May’s deal. Just a warning to Guido’s friends in the foreign exchange game. Please take Peston’s insights into the Conservative Party with a bag of salt…

Bloomberg, who should know better, reported Peston’s tweet as if it was a verified ITV News story. The newswire flashed it out across their terminals. Millions changed hands, boom and bust within minutes resulted…


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