The pound’s rally to a four-month high against the dollar is proving too much for currency traders unsure whether Mark Carney will step up stimulus efforts when he takes over as Bank of England (BOE) governor next month.
Future of the distribution rules is linked to the outcome of tax reform.
John Ring would replace Philip Miscimarra, a former Morgan Lewis partner in Chicago who had been a key vote for business interests during his term on the Obama-era board.
Prospect of slowdown or halt in Chinese purchases of U.S. government debt gives bond market the jitters.
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