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Showing results for tags 'plunges'.
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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.
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The Stomper's description don't make sense. The damaged railing is behind the taxi so it can't have reversed in. Damage is also in front A taxi took a dive into a canal at Bedok Reservoir View yesterday night (Mar 16). According to STOMPer omgee, no casualties were reported. The STOMPer says: "A taxi crashed into the canal at Bedok Reservoir View. "No casualties were reported. "SCDF personnel arrived promptly." STOMPer curious761 also saw the wreckage, and says: "Today (Mar 16) at 8.30pm, a taxi reversed and went into the drain which is 50m away from it. "This accident took place at Bedok Reservoir View, at the carpark behind the coffeeshop 'Wei Xiao Bao'.