07-10-2016 09:26 via abqjournal.com

Updated: British pound’s 6 percent ‘flash crash’ baffles traders

HONG KONG — The beleaguered British pound plummeted briefly to a fresh 31-year low Friday amid intensifying concerns about Britain’s exit from the European Union. The pound tumbled nearly 6 percent in early Asian trading, falling as low as $1.1789, according to FactSet data. The British currency, which had been trading at around $1.26 the […]
Read more »