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Old 07.10.2016, 22:30
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
The pound has endured a temporary collapse in value to new 31-year lows, sparking market chaos and a Bank of England probe.


Having traded as low as $1.26 to the dollar on Thursday it slumped to $1.18 within minutes during Asian trading - hitting $1.14 briefly at one stage according to Thomson Reuters - a fall of up to 9%.


But official market charts did not measure the lowest figure because trades were later cancelled, the data provider said.


It settled at $1.24 before slipping to $1.22 when US traders returned to the market in late-morning European trading.


The volatility also saw sterling slip to €1.11.
http://news.sky.com/story/flash-cras...stery-10608056
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