Pound plunge stuns Asian stock markets

Pound plunge stuns Asian stock markets
 

The pound tumbled sharply, slumping as much as 6% to its lowest in more than three decades, before rebounding, with the reasons for the "flash crash" unclear.
The British currency, which would buy around 1.26 dollars on Thursday, plunged past the 1.20 level early on Friday before recovering minutes later, and it went on to trade at around 1.24 dollars.
Some market watchers blamed comments made by French president Francois Hollande, who insisted the European Union must take a tough stance in negotiating Brexit, while o thers suggested a "fat finger" trading mistake.
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7 October 2016 in Regional West, Views: 34
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