What caused the pound to plunge?
A rapid descent in the pound against the dollar Friday, referred to as a "flash crash", set tongues wagging across global trading floors as to what triggered the rare event.
(AFP) A rapid descent in the pound against the dollar Friday, referred to as a "flash crash", set tongues wagging across global trading floors as to what triggered the rare event.
After the pound crashed more than six percent against the dollar in under ten minutes during Asian trading hours, various explanations have been given for the cause in the absence of an official reason.
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