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  • The pound sterling sustains a flash crash, dropping from an exchange rate of $1.23 per pound to $1.13 in a few minutes of trading today, then gaining much of it back. Observers blame this development on algorithmic trading. (MIT Technology Review)

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From Wikipedia, the free encyclopedia
Armed conflicts and attacks

Business and economy
  • The pound sterling sustains a flash crash, dropping from an exchange rate of $1.23 per pound to $1.13 in a few minutes of trading today, then gaining much of it back. Observers blame this development on algorithmic trading. (MIT Technology Review)

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