GBP flash crash – all the updates in one place

0

The pound was caught between a rock and a Hard Brexit, and the accident waiting to happen did eventually happen. GBP/USD plunged under 1.20 before bouncing back, but the story is far from over, as there are good reasons to see this pound pressure continue. It is not only low liquidity, thin trading volume or a fat finger that broke the back of Britain’s currency.

This page features every related update: from the background, through the various warnings, and through the aftermath. Note that pound crosses may react quite differently to this event. All the updates are right here:

Get the 5 most predictable currency pairs

About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

Comments are closed.

Read previous post:
Canadian Dollars
Fade USD/CAD Rallies Into 1.33; Buy GBP/CAD At Current Levels – TD

The Canadian dollar seems unable to take advantage of the excellent Canadian jobs report nor the rising oil prices. What's...

Close