BoE and six EU central banks sign up to FX Global Code

UK central bank formally commits to FX Global Code of Conduct, following ECB and 14 peers

Contract being signed
Statement of commitment: the Bank of England expects counterparties to continue signing up to the Global Code

The Bank of England has signed a statement of commitment to the FX Global Code of Conduct, formally promising to adhere to the voluntary set of principles that outline good practice in currency markets, along with six other European Union central banks.

The BoE also formally committed to the UK Money Markets Code and Global Precious Metals Code on February 6. The central bank noted it now expects its regular counterparties to commit to the principles outlined in the three codes.

The Bank of

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