Hedge funds gained early access to BoE press conference feeds
Bank of England
The Bank of England (BoE) admitted a rogue supplier has been misusingfeedsof itspressbriefings, allowing high-speed tradersaccessto market-sensitive information seconds before rivals.
Following a report in The Times newspaper, the UK central bank said on Wednesday a third-party supplier hadaccessed a back-up audio feed of some of itspressconferences without consent, and supplied it to "other external clients".
Briefings byBoEGovernor Mark Carney and other top central bank officials often move markets including sterling and gilts, andaccessto themearlywould potentially allow traders to make millions.
Carney is due to leave the bank - which makes a policy announcement at noon - within weeks. His replacement is expected to be announced soon following last week's national election.
The third-party supplier, whom theBoEdid not name, had been misusing the audio feed since earlier this year, the central bank said in a statement.
"This wholly unacceptable use of the audio feed was without the Bank's knowledge or consent, and is being investigated further," it added.
)
Trump administration refunds $100 billion in tariffs after Supreme Court ruling
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
'I was almost trafficked in Paris,' says Australian woman, shares terrifying ordeal - 'I am on the black market'
)
After NEET protests, CJP holds crucial strategy meet in Maharashtra to chart national expansion
)
Ukrainian astronomers see gargantuan objects dashing at 39,600 kmph on the Moon - 'They can reach Earth in 20 minutes'
)
India avoids higher US tariff, secures lower 10% rate. Here's how
)
Scientists stumble upon a brand new penguin species hidden for 300,000 years
)
'Affront to our sovereignty': Bangladesh slams India over Sheikh Hasina's Delhi press conference
)
Lightning bolt strikes football field in Thailand, killing a player during a match
)
Mark Zuckerberg apologises to Indian government over harmful content, platform errors amid PM video row
)
Sajeeb Wazed raises Indian security concerns, calls Bangladesh a 'failed state'
&im=FitAndFill=(700,400))
New OTT releases this week (August 3-9, 2026): Main Vaapas Aaunga, Uyir, Operation Safed Sagar- 6 titles coming on Netflix, Prime Video and more
&im=FitAndFill=(700,400))
Who is Shreya Kalra? Meet the social media star who lifted the Lock Upp 2 trophy
)
Planning to study or work in the US? One missing document could now cost Indians their US visa or green card
)
The genetic roots of Tamils: 75,000 DNA markers decoded in latest study of Sangam-era settlement
)
UP gangster Atiq Ahmed's son, on way to meet jailed brother, killed in road accident in Jhansi
)
'I would like to support...': Sonam Wangchuk reveals if he will join Jharkhand student protesters in Ranchi
)
Several Indian states ban analogue paneer: Experts explain what it is and the health risks | WION Decodes
)
Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
)
'Dhoni Made Fleming Great': Panesar says ECB made the wrong choice for England Test coach
)
Ex top Pakistan official blames economic woes on China: Here's how CPEC became a failure
)
‘Pakistan called for ceasefire, we kept them waiting’: Ex-CDS Anil Chauhan recalls Operation Sindoor
)
Munir-protege Mohsin Naqvi’s claim of unearthing huge scam triggers tremors in Pakistan’s power corridors
)
What’s happening in Nepal? How did a local clash turn into communal violence? WION Decodes
)
Scientists find descendants of ancient sea creatures trapped under Antarctica's Blood Falls
)
Strait of Hormuz deal with Oman being ‘finalised’: Iran’s foreign ministry
)
CJP's Saurav Das alleges YouTubers broke into his house, seeks Delhi Police action
&im=FitAndFill=(700,400))
Why Russian tanks are much lighter compared to US tanks
)
India deploys joint outbreak response team as Chandipura virus spreads in Gujarat, Rajasthan
The feed was intended as a fallback option if theBoE's official video feed of thepressconferencewent down, according to The Times.
A spokesman for the Bank toldthat it had referred the misuse of the feed to the Financial Conduct Authority on Thursday.
The FCA, the body responsible for regulating markets and traders, did not immediately respond to a request for comment.
The supplier in question had been sending the feed to high-speed traders who seek to benefit from receiving comments of the bank's governor before others can.
TheBoEcurbed the supplier'saccessonce the misuse was identified to it by the newspaper and said that the supplier did not distributefeedsfrom its most recent newsconferenceand will not be involved in anyconferences in the future.