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The British Pound Crashed Because of Robot Traders

The British pound has been losing value lately thanks to anxiety over Brexit. But things took a turn for the bizarre during early morning trading in Asia Friday, when the currency suddenly plunged 6.1 percent in about two minutes before recovering some of its losses. It was like the pound sterling had decided to go bungee jumping while most of the U.K. was slumbering. The culprit behind the flash crash? Well, nobody’s quite sure what started the selling.
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