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Bank of England investigates flash crash as pound slumps

Events in the past 24 hours are an example of extreme "overshooting" which renders predictions meaningless
Saturday, October 8, 2016 - 05:50
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Some are saying that sterling is undervalued. But as latest events have shown, current predictions aren't worth the paper they are written on.

London

THE Bank of England announcement that it is investigating the remarkable 10 per cent flash crash of sterling, has raised expectations that the central bank will intervene to counter volatility. Regardless, the extent of sterling's devaluation since the Brexit vote has made British