Britain's pound has slumped after a so-called flash crash - with the UK currency already under pressure over Brexit fears.
During Asian trading hours the pound crashed briefly to $1.1841, but has since recovered much of that ground.
Analysts believe automated trading systems were somehow triggered, leading to a sell-off.
It came after reports French President Francois Hollande is calling for 'tough Brexit negotiations'.
Laith Khalaf of stockbrokers Hargreaves Lansdown says it was a short, sharp fall in pound sterling.
IN: "The pound…
OUT: …markets."
DUR: 27 seconds
http://www.fsnradionews.com/feeds/1007pound-khalaf1.mp3
During Asian trading hours the pound crashed briefly to $1.1841, but has since recovered much of that ground.
Analysts believe automated trading systems were somehow triggered, leading to a sell-off.
It came after reports French President Francois Hollande is calling for 'tough Brexit negotiations'.
Laith Khalaf of stockbrokers Hargreaves Lansdown says it was a short, sharp fall in pound sterling.
IN: "The pound…
OUT: …markets."
DUR: 27 seconds
http://www.fsnradionews.com/feeds/1007pound-khalaf1.mp3