British regulator's scrutiny to fall on futures order after mystery spike in sterling
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LONDON (Reuters) - Britain's financial watchdog will likely zero in on a chunky pound futures deal, which many reckon drove sterling's mystery spike just seconds before the Bank of England's interest rate announcement this weekThe currency's jump to $1.3075 from $1.3024 in less than a minute before the central bank kept rates on hold -- instead of cutting as some had expected -- has raised questions on whether any market players knew of the decision before it became public. While it is possible..