News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Story

Five things that may have compounded the pound’s plummet

The British pound fell more than 6% against the US dollar early in Asian trading on October 7, although it later recovered much of that ground.

Five things that may have compounded the pound’s plummet
Photo: iStockPhoto

The British pound fell more than 6% against the US dollar early in Asian trading on October 7, although it later recovered much of that ground.

Market watchers say a sell-off triggered by worries about the UK's exit from the European Union was accelerated by computerised trades. Here are five things to know about the pound's moves.

WSJ Logo