Flash Sterling crash caused by automated market

Flash Sterling crash caused by automated market


Since Brexit the pound has taken a hammering, a 9% loss in October followed by regular systematic drops linked to announcements & Press conferences by the PM & International banks. On the other-hand FTSE 100 is ending the week in record-breaking fashion and on course to extend its winning run to 14 consecutive sessions.

The markets, its seems are living day to day, very little certainty that we have normally been accustomed to. So what are the factors governing this volatility? Obvious answer is Brexit, perhaps, but it seems a little more complicated than that. have look through some of our top picks from this weeks for some opinion and analysis.

No single factor behind sterling flash crash, BIS says. BBC Business

Pound’s flash crash ‘was amplified by inexperienced traders’. The Guardian

Pound sterling hits a new 31-year low against the dollar. The Independent

How useful was this post?

Click on a star to rate it!

As you found this post useful...

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Click to comment

You must be logged in to post a comment Login

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Latest

To Top
%d bloggers like this: