Loewy joins bank exodus

As a "key player at the top of the professional FX market", the appointment is a "sign of our plans to reinforce and develop MNI's position at the centre of financial market information requirements," said Kevin Woodfield, managing director of MNI for Europe in London.

Loewy said: "MNI is an excellent product. Its analysis of G7 central banks and understanding of the Federal Reserve board is second to none."

Having used MNI as a client during his time at HSBC, Loewy said his background would

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