BoE investigates 6% plunge in sterling
Bank of England to investigate ‘flash’ fall in UK currency during overnight trading
The Bank of England (BoE) said it is looking into a 'flash' fall in the pound that occurred in early Asian trading today (October 7).
Sterling fell 6% against the US dollar to $1.18 – at one stage it was down as much as 8% at $1.14 - with traders initially unsure as to the cause. Following its fall at just after 0700 Hong Kong time, sterling regained some ground and settled at around $1.24 by noon BST.
Governor of the BoE, Mark Carney, has asked the Markets Committee of the Bank for
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