Regulator confirms ongoing investigation into foreign exchange trades

The financial conduct authority (FCA) has confirmed recent speculation that it is conducting an investigation into foreign exchange markets.

We can confirm that we are conducting investigations alongside a number of other agencies both in the UK and abroad into a number of firms relating to trading on the foreign exchange (forex) market.

As part of this we are gathering information from a wide range of sources including market participants. Our investigations are at an early stage and it will be some time before we conclude whether there has been any misconduct which will lead to enforcement action.