Deutsche Bank “Shocked” At “Disorderly, Dramatic” Pound Flash Crash

Deutsche Bank “Shocked” At “Disorderly, Dramatic” Pound Flash Crash

What was supposed to be a day reserved solely for today’s nonfarm payrolls report as the biggest news, has been upstaged by the overnight flash crash in pound sterling, which as reported previously inexplicably plunged 6% in a sharp move lower ahead of the Asian open, dropping the most since Brexit…


… with liquidity in pound literally evaporating during the two minutes of chaotic selling, pushing the bid-ask spread surging to more than 250 times their  median during the past year…

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