Last Friday, the British Pound fell -6% in less than 2 minutes,
approximately completing a move that some market forecasters had
predicted would happen over a period of six months. What was possibly
initial human error, reacting to a new story, was most likely compounded
by machine trading at a time of low market liquidity, causing a massive
move in the British Pound.
The attached article is quite informative and contains a timeline of similar flash crashes that have occurred in recent history.
http://www.telegraph.co.uk/business/2016/10/07/what-caused-the-sterling-flash-crash-overnight/
The attached article is quite informative and contains a timeline of similar flash crashes that have occurred in recent history.
http://www.telegraph.co.uk/business/2016/10/07/what-caused-the-sterling-flash-crash-overnight/