What caused the pound's flash crash?

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

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    ‘Fat finger’ trade, François Hollande’s Brexit remarks or technical glitch among possible causes of sterling’s fall in early trading

    Traders were baffled by the overnight flash crash in the pound, with theories emerging about what happened to send sterling over the edge.

    The pound fell by 6% to $1.1378, having dropped by as much as 10% before one of the more outlying major trades was cancelled.

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