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Friday’s flash crash in Cable was followed by an intense speculation of what must have caused it, and amid the melee, we were getting updates at regular intervals regarding the low clocked by Cable.

The first reports in Asia suggested the low was somewhere around 1.14, which was then revised to 1.18-1.19. As of now, the exact low is still a matter of confusion. This is a unique problem for traders/investors.

Ryan Littlestone, Director at ForexLive, discusses the flash crash, the low in Pound and necessity of studying the duration charts – 30-min, 15-min, 5-min in cases like this.

Here is more on the GBP flash crash