Britain should investigate the manipulation of currency rates, European Union officials said after Bloomberg News revealed that traders have been rigging foreign-exchange benchmarks for more than a decade.
They need to get to the bottom of it, Sharon Bowles, 60, chairwoman of the European Parliaments economic and monetary affairs committee and a member of the U.K. Liberal Democrat party, said in an interview. Its quite upsetting we have got another bad-news story. Its time we managed to restore the reputation of our banks.