britains hammond downplays pound flash crash as technical
Last Updated : GMT 07:25:12
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Arab Today, arab today
Last Updated : GMT 07:25:12
Arab Today, arab today

Britain's Hammond downplays pound 'flash crash' as 'technical'

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Arab Today, arab today Britain's Hammond downplays pound 'flash crash' as 'technical'

Britain's finance minister Philip Hammond
London - Arab Today

 Britain's finance minister Philip Hammond Friday played down a "flash crash" which saw sterling plunge more than six percent against the dollar in under 10 minutes, citing "technical factors".

"Some of what happened overnight was driven by technical factors, as the Bank of England governor has explained this morning," he told the BBC from the US.

"Markets will go up and down -- markets respond to noises."

 
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