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Cable Just Flash-Crashed 800 Pips – Most Since Brexit

Thursday, October 6, 2016 17:47
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(Before It's News)

Having leaked lower all week, GBPUSD suddenly flash-crashed almost 8 big figures as Japanese markets woke up. The instantaneous collapse from 1.2620 to 1.1840 was triggered by no news…

Spot collapsed to 1.1841…

Futures show the carnage began at 19:07:05ET…

No catalyst can be found for now aside from it’s Japanese opening time… USDJPY is going berserk…

And the Cable crash rippled into Yuan trading…

For context…

Cable’s all-time low was 1.0520 in March 1985.

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