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‘Flash crash’ thrashes sterling; dollar slides on U.S. jobs data

October 7, 2016 by · Leave a Comment 

By Richard Leong and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling plunged on Friday after what traders called a “flash crash” knocked the currency to a 31-year low, while the dollar slipped on news of unexpectedly weak U.S. jobs growth in September. “I think it’s a warning shot from the markets to the UK about what type of potential volatility …

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‘Flash crash’ thrashes sterling; dollar slides on U.S. jobs data

finance-leaders

Finance leaders issue fresh warnings amid Deutsche worries, pound rout

October 7, 2016 by · Leave a Comment 

World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for Deutsche Bank destabilizing Germany's largest bank, a sharp fall in the British pound and weak global growth. Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that the U.S. Department of Justice's demand that Deutsche Bank pay $14 billion for its role in the sub-prime mortgage crisis is too big and will undermine financial …

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Finance leaders issue fresh warnings amid Deutsche worries, pound rout