Changing face of forex intervention

Trott, who now works for information and technology giant Reuters as a strategic advisor in the Treasury Services division, left the bank last year after a 10-year tenure as chief dealer, which included the UK's defence of the pound in 1992.

Intervention in its purest form, argued Trott, is brought about by the assumption that there is a correct value of whatever currency pair is under scrutiny. The value of a particular currency pair is the wider market assessment of the health and prospects of

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