Pound's flash crash 'was amplified by inexperienced traders'

Official report finds sterling’s sudden plunge to a 31-year low against the dollar in October was caused by string of factorsOctober’s flash crash in the pound – when the currency nosedived by 9% against the dollar in Asian trading hours – was caused by a combination of inexperienced traders, algorithmic trading and complex trading positions, according to an official report.No single factor caused the dramatic moves which compounded the weakness of sterling after the Brex