| The flash crash in sterling was a “correct move” that reflected economic expectations, a senior official at Norway’s sovereign wealth fund, one of Britain’s biggest foreign investors, said today.
The pound plunged about 10 per cent in a matter of minutes in early Asian trading on Friday, prompting the Bank of England to investigate why. The currency recouped much of the loss — which may have been due to automated trading — but was still down 1.5 per cent on the day.............................................Full Article: Source
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