TOKYO: The pound suffered a “flash crash” in Asia Friday on a computer-generated sell-off in the beleaguered currency, as tough talk from French President Francois Hollande underscored the perils ahead for Brexit-bound Britain.
The magnitude of the 6 percent plunge showed there was likely further volatility ahead for sterling, which has been hammered this week after Britain’s Prime Minister set out a timetable to leave the European Union.
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