U.K. Urged by EU to Probe Currency Rigging in Libor’s Wake

U.K. Urged by EU to Probe Currency Rigging in Libor’s Wake

Ralph Orlowski/Bloomberg

The U.K. Financial Conduct Authority, created in April to oversee markets and prosecute financial crime, is looking into potential manipulation in the $4.7 trillion-a-day foreign- exchange market, a person briefed on the matter said.