'Flash crash' hits sterling; U.S. jobs data weaken dollar

'Flash crash' hits sterling; U.S. jobs data weaken dollar

Sterling tripped lower on Friday on what traders called a "flash crash" that knocked the currency to a 31-year low, while the dollar slipped on news of unexpectedly weak U.S. job growth in September.
Even before a sudden plunge that briefly shaved off a tenth of the pound's value during Asian trading, sterling was headed for its worst week since January 2009 as some national leaders called for Britain to make a "hard" exit from the European Union in which it would leave the single market.
"I think it’s a warning shot from the markets to the UK about what type of... read more

7 October 2016 in Business, Views: 40
Source: Reuters

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