UK POUND EXPERIENCES FLASH CRASH: Drops 6% in 2 minutes!

by John Galt
October 6, 2016 19:30 ET

I don’t know what happened but will effort to find out but suddenly, just after trading started in New Zealand, the FOREX markets imploded with the British Pound Sterling collapsing 6% from 126 to 119 in less than 2 minutes:

100616_1845et_uk_pound_sterling_collapse_jgfla

More as news comes in..stay tuned as it has recovered to 123 but there is something major happening.

UPDATE – From the UK Telegraph, worth a read:

Pound skids to fresh 31-year low and FTSE 100 closes below 7,000 on fears of hard Brexit

UPDATE #2 – Against the Swiss Franc also:

100616_uk_pound_swiss_franc_jgfla

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