The obvious policy response is intervention to cap the sterling rate, build up foreign-exchange reserves, and offset the monetary effects by issuing sterling debt.

ECONOMIST: Letters

Rates and currencies revenues also declined, as growth in local markets, which primarily includes rates and foreign exchange trading in emerging markets, was more than offset by lower G10 trading revenues.

FORBES: Citi Shares Could Swirl Down The Drain As Fixed-Income Revenue Withers

Rates and Currencies revenues also declined, as growth in Local Markets, which includes rates and foreign exchange trading primarily in emerging markets, was more than offset by lower G10 Rates trading revenues.

FORBES: Citi Shares Could Swirl Down The Drain As Fixed-Income Revenue Withers