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Pound falls 6% in Asian trading mystery

Discussion in 'Market News' started by Lily, Oct 7, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Flash crash of sterling in early trading may have been ‘fat finger’ error or technical glitch in response to ‘hard Brexit’ warnings

    A “fat finger” error by a trader or computerised chain reaction is thought to be responsible for the pound plunging to a three-decade low in early trading in Asia, adding to sterling’s earlier losses amid speculation that Britain is heading for a “hard Brexit”.

    The pound fell by 6% to US$1.1841, with traders confused as to the cause.

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