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No central bank investigates any 'flash crash' in gold

Section: Daily Dispatches

Maybe because central banks know very well where gold 'flash crashes' come from.

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Carney Calls for Inquiry into Sterling 'Flash Crash'

By Szu Ping Chan and Tim Wallace
The Telegraph, London
Friday, October 7, 2016

The Bank of England has launched an investigation into the "flash crash" in sterling that saw the pound plunge against the dollar and euro.

Mark Carney, the bank's governor, has asked Guy Debelle, chairman of the markets committee at the Bank for International Settlements, to examine the sudden drop in the value of the pound in thin Asian trading on Friday morning.

... Dispatch continues below ...



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The fall in sterling, which saw it drop by as much as 6.1 percent against the dollar and 3.4 percent against the euro, could be discussed at the next meeting of the Financial Policy Committee, which is in charge of maintaining UK financial stability, on Nov 23. ...

... For the remainder of the report:

http://www.telegraph.co.uk/business/2016/10/07/carney-calls-for-inquiry-...

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