Cable Just Flash-Crashed 800 Pips – Most Since Brexit
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.
Source: http://silveristhenew.com/2016/10/06/cable-just-flash-crashed-800-pips-most-since-brexit/
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