Post Profile

'Flash Crash' Decimates Sterling Overnight Amid Fears Of 'Hard Brexit'

Sterling lost a tenth of its value in minutes on Friday, in what traders said was a “flash crash” driven by computer-initiated sell orders that left the pound at a fresh 31-year-low and heading for its worst week since January 2009. The pound has been under pressure for most of this week as anxiety grows that Britain will opt for a “hard” exit from the European Union.
read more


Related Posts

Global Stocks, US Futures Fall Pressured By Pound "Flash Crash" Ahead Of Payrolls

Business & Finance : Zero Hedge

U.S. equity index futures fell, with European, Asian stocks also declining before the September payrolls data, following the stunning 2-minute "flash crash" meltdown in sterling which plunged as much as 6.1%, the most since Brexit a...

British pound suffers ‘flash crash’

Business & Finance / Personal Finance : Macleans: Money

The pound lost six per cent of its value in a matter of minutes Friday morning The post British pound suffers ‘flash crash’ appeared first on

'If the pound was a prize fighter the referee would have already rung the bell'

Business & Finance : Business Insider: Clusterstock

Sterling is continuing its disastrous run on Friday, down over 2% after a "flash crash" in early Asian trade. The pound sunk as much as 6% against the dollar overnight before recovering. But at about 10 a.m. BST (5.00 a.m. ET) it st...

Deutsche Bank "Shocked" At "Disorderly, Dramatic" Pound Flash Crash

Business & Finance : Zero Hedge

What was supposed to be a day reserved solely for today's nonfarm payrolls report as the biggest news, has been upstaged by the overnight flash crash in pound sterling, which as reported previously inexplicably plunged 6% in a sharp...

The pound crashed 6% in 2 minutes overnight in a 'flash crash'

Business & Finance : Business Insider: Clusterstock

By HONG KONG/TOKYO, Oct 7 (Reuters) - Sterling plunged to a three-decade low in Asian trade on Friday in a suspected "flash crash" and amid growing fears of a "hard" exit by Britain from the European Union. The pound nosedived over ...


Copyright © 2016 Regator, LLC