Time to Buy? Pound plunges 6% in 2 minutes

[minion]

The British pound fell more than 6 per cent to below $1.20 in two minutes on Friday amid concerns over the UK’s exit from the EU.

 

Shortly after currency markets opened in Asia on Friday, the pound lost as much as 6.1 per cent to $1.1841. The sharp nature of the move sparked speculation that it could have been triggered by a mistaken “fat finger” trade or a rogue automated algorithm, exacerbated by thinner liquidity during early Asian trade.

It was the currency’s lowest since May 1985 and the biggest intraday drop since the 11.1 per cent plunge on June 24 in the wake of the UK’s voteto leave the EU.

 

https://www.ft.com/content/dfb375be-8c23-11e6-8cb7-e7ada1d123b1

 

 

 

 

Pound expected to drop as much as 10% on Brexit 'leave' victory

 

 

http://www.cnbc.com/2016/06/17/british-pound-expected-to-drop-10-on-brexit-leave-victory.html

 

If Britain votes to leave the European Union, the pound is expected to drop as much as 10 percent against the dollar, according to Stacey Gilbert, head of derivative strategy at Susquehanna Financial Group.

 

If there's an exit vote "I would say right now in terms of the pound we're seeing a move to 8 to 10 percent on the downside. That's a huge move in terms of a currency," Gilbert said Thursday on CNBC's Power Lunch.

Edited October 7, 2016 by minion

[Vid]

Buy buy buy

 

[Ktglfc]

Dropped too much liao... Maybe time to buy a bit :)

[Wt_know]

say trigger article 50 only ... plunge 6%

by mar 17 when theresa pull the trigger

gbp will plunge 30%?

[Mustank]

god save the queen

[Bacteria83]

Queen no time to knight ppl liao, keep having nightmare.

[Yewheng]

Buy buy buy

 

Why so fast buy? The show just going to get started, wait till show going to end then buy leh.. Show ending then it is a good opportunity to go in as it fall until cannot fall lao... Haha

[Jman888]

gone up liao  

[Yewheng]

gone up liao

Panic sell, panic buy. This show just started. Very volatile..

 

Just sit back relax and enjoy the show with pop corn.

Edited October 7, 2016 by Yewheng

[Vratenza]

question is.......

 

 

how do we know when the show ending?

 

 

Why so fast buy? The show just going to get started, wait till show going to end then buy leh.. Show ending then it is a good opportunity to go in as it fall until cannot fall lao... Haha

 

[Yeshe]

question is.......

 

 

how do we know when the show ending?

When trump wins, it just begin

[Vid]

US dollars went up. Traders seeking shelter.

[Maxus-MIFA9]

god save the queen

 

God save the Queen's pound .......

 

Slightly overweight ...

 

 

US dollars went up. Traders seeking shelter.

 

 

Singaporean also seeking shelter ....

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KNS........ raining whole day ..

Edited October 7, 2016 by Picnic06-Biante15