- The pound's short-lived 9% fall on Friday could not have happened without the lightning-fast algorithmic trading that now dominates the $5T a day forex market.
- But a person, not a machine, was probably ultimately the cause, according to Reuters.
- The Bank of England is still investigating the source of the sudden price movement.
- ETFs: EWU, FKU, DXPS, DBUK, QGBR, HEWU