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Flash crash: UK pound falls on Brexit concerns

Currency recovers after losing almost 10 percent of its value in a few minutes of trading, amid worries over Brexit.
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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 ...

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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....

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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 be...


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