Home » breakingnews » Bank of England says 'looking into' pound flash crashBank of England says 'looking into' pound flash crashMark Carney, Governor of the Bank of England and Chair of the Financial Stability Board, speaks during a CNN Debate on the Global Economy at the 2016 Annual Meetings of the International Monetary Fund and the World Bank Group. / AFP PHOTOLONDON - The Bank of England is "looking into" what caused the pound to slump more than six per cent against the dollar in less than ten minutes Friday, a spokesman told AFP. "We are looking into what happened," he said after sterling suffered a "flash crash" in Asia trading hours -- hitting a new 31-year low point at $1.1841. The pound slumped also to a 6.5-year trough against the euro, at 94.15 pence.

Source: The Nation Bangkok October 07, 2016 10:18 UTC