Carney Asks BIS Committee to Investigate Pound Flash Crash

Updated on
  • Currency slumped more than 6 percent in two minutes of trading
  • Central bank warned last year of ‘fragile’ market liquidity

Foley: Clear That Sterling Is a 'Vulnerable Currency'

Bank of England Governor Mark Carney has asked the Bank for International Settlements to look into the pound’s sharp drop in trading overnight, which sent the currency to a 31-year low.

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