"Michael Alan Spencer" is a British businessman; the chief executive of ICAP plc, the world's leading interdealer broker. He is also currently the owner of spread betting firm City Index Group/City Index.

In the Sunday Times Rich List 2012 ranking of the wealthiest people in the UK he was placed 162nd with an estimated fortune of £510 million.

More Michael Spencer on Wikipedia.

The three central banks seemed to be more inclined to intervene in the market while the Bank of Korea over the year or so intervened less.

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We're slowly transforming into a one-of-a-kind establishment.

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The time has passed for emergency housing.

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They'd rather see the dollar weak against the euro.

152

The housing market has never triggered a recession in the United States.

148

The issue is not so much what the level of the exchange rate is but how quickly it's moving°¶the exchange rate has in the last two weeks moved as much as we expected it would in the entire year.

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I don't think anyone expects compliance will be to the letter and on time in every respect. Political realities will impinge from time to time.

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We're positive about Korea's economic outlook partly because relatively we hold a more positive view of the United States, Europe and Japan.

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