October 7th, 2016
Episode 849 of 897 episodes
The British pound started a bad week under pressure, after the UK prime minister revealed the country will trigger the process of leaving the European Union by March and sterling has finished the week with a two minute dive of 6% in Asia. The pound recovered some lost ground but an investigation is underway into the role played by computers conducting automated trading, creating a flash crash in the currency markets. Katie Martin from the FT tells us more computer algorithms causing extreme market movements.