Saturday, October 08, 2016

It's Looking Like It's Going To Be A Hard Landing

Flash crash: UK pound falls on Brexit concerns

Britain's pound sterling has lost as much as 10 percent of its value in a "flash crash", prompting concern about the vulnerability of the currency and other British assets. The pound recovered from the initial plunge early on Friday, which took it as low as $1.1491 in Asia trading hours and was driven, dealers said, by…