FXT views the prevailing condition of high geopolitical uncertainty coupled with declining multi-asset market liquidity and unprecedented interest rate markets (~$12 trillon of developed market government bonds with negative yield) as a dangerous cocktail for FX transaction costs as the US presidential election looms…

Full article: http://www.euromoney.com/Article/3568604/FX-Uncertainty-stalks-sterling-sales-and-trading-post-Brexit-vote.html

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Mispricing of FX Transactions Costs European Funds Billions
HSBC forex traders charged with criminal fraud but cleared on an internal HSBC probe