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A Look Inside The Pound Flash Crash: What Really Happened In Those 30 Seconds

At just after 7 minutes after hour, whether 7pm on the east coast, midnight GMT or early Friday morning in Asian trading, pound sterling plunged by more than 6%, in the span of 2 minutes although the bulk of the plunge took place in just 30 seconds: from 7:16 to 7:46, when the market became "disorderly" in technical parlance, or in simple terms, broke. And since earlier today the Bank of England mandated none other than the BIS (specifically the bank's "Head of Foreign Exchange & Gold", Benoit Gilson) to explain what happened, here is a place to start trying to reverse engineer the latest flash crash.
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