Pound crashes 8% during early morning trading
Sterling plunged from $1.26 to $1.14 within two minutes, just after 7pm in New York
The British pound fell more than 8% against the US dollar in the early hours of Friday, before recovering some of its losses, with market participants speculating about the reasons behind the sudden move.
Sterling plunged from $1.26 to $1.14 within two minutes, just after 7pm in New York. It has now regained some ground and was trading at around $1.24 by noon BST.
The drop may have been caused by automated algorithms or a 'fat finger' move. The fact it happened during the early Asian hours could
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