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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 47

The latest business and finance news from around the world from the BBC

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Flash crash hits British pound

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.

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