U.K. Pound Craters to New Low in ‘Flash Crash’

LONDON (Reuters) – Sterling lost a tenth of its value in minutes on Friday, in what traders said was a “flash crash” driven by computer-initiated sell orders that left the pound at a fresh 31-year-low and heading for its worst week since January 2009. The pound has been under pressure for most of this week…

via U.K. Pound Craters to New Low in ‘Flash Crash’ — TIME