Brent

A Week Ahead: FX Market Events To Watch This Week

A Week Ahead: FX Market Events To Watch This Week

The main story this week in the markets was the flash crash of British pound on Friday. The currency lost 6 percent in under two minutes at the start of the Asian trading session. There are multiple theories on what sparked the move with algorithmic trading and human error among others. The GBP touched 31 year lows and although it recovered some ground it will close the week under the 1.25 price level.