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British pound’s wild ride: ‘Fat finger’ or Brexit freakout?
Whodunit? That’s what traders want to know after the British pound went on a rampage against the dollar in early European trading hours, though if you blinked you would have missed it. “The GBPUSD shortly rallied to 1.4660 on what is believed to be a fat finger,” was how Ipek Ozkardeskaya, market analyst at London Capital Group, described it. The pound crested, then dropped back in quick fashion to the $1.45 region. Sterling then moved sideways before temporarily pushing back toward the upper half of the day’s stretched trading range. The pound GBPUSD, +0.7479% traded at $1.4538 in recent trade, a gain of ... (full story)
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- Jun 7, 2016 11:53am Jun 7, 2016 11:53am
- kingleeny
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- Pleiadian
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Don't wait for the wind, take to the oars.
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- Nala66
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- Pleiadian
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Don't wait for the wind, take to the oars.
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- Nala66
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- Jun 7, 2016 11:54pm Jun 7, 2016 11:54pm
- Pleiadian
- | Joined Oct 2009 | Status: Member | 595 Comments
Don't wait for the wind, take to the oars.