Osborne speech will not trigger structural changes, say market particiants

Rules impossible to change unilaterally

George Osborne
George Osborne

UK chancellor George Osborne's proposals to regulate currency markets are unlikely to trigger major structural shifts, participants say, as the global nature of currency trading will make it impossible to implement far-reaching changes unilaterally.

The measures are set to be announced tomorrow at the chancellor's annual Mansion House speech, which is understood to have still been "in flux" last night, according to a person familiar with the matter. "The chancellor is aware of the magnitude of

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