The GBP Flash Crash – What Happened?

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The GBP Flash Crash – What Happened?

Postby kreslik.news » Sun Oct 09, 2016 11:46 am


This article was written by Graeme Watkins, CEO of Valutrades.

What happened?

In the early hours of Friday 7th October 2016 at the beginning of the Asian session, GBP suffered a 10% drop in a matter of minutes. GBP/USD fell from around 1.26 to anywhere between 1.10 and 1.20 depending on your liquidity providers.

The effect was felt across all GBP crosses with EUR/GBP, GBP/AUD, GBP/JPY and other GBP crosses all experiencing similar rapid moves.

Image

Why did it happen?

The initial news ... (read more)

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