What's happening to the pound?



The pound plummeted in Asian trading early on Friday. And no-one really seems to know why.
Did a trader make a mistake? Did the computers go haywire? And where will the pound go next?
What actually happened? Overnight the value of the pound fell dramatically. It was briefly down 6%, hitting a value of $1.18 against the dollar at 7:09am in Hong Kong (00:09 in the UK).
The British currency has been on a downward trend since the Brexit vote, but this was the biggest move since the referendum on 23 June.
The pound recovered to $1.24, which was still down 1.5% on Thursday's value.
What caused... read more

 
7 October 2016 in Business, Views: 38
Source: BBC
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