Pound crash

By : Administrator
Published 7th October 2016 |
Read latest comment - 10th October 2016

Blimey, pound really has been hammered this morning. Apparently it's recovered from where it was first thing 


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn
Comments

Yep apparently it was a rogue trade and was cancelled... This is what happens when you have algorithmic robots trading or a banker who wants to make a very large quick buck.... All at the expense of others as they would have lost huge amounts, some could have been wiped out and I doubt whether they would have been compensated regardless of whether the trade was cancelled or not...


Thanks,
Barney

Yep apparently it was a rogue trade and was cancelled...”
 

I read somewhere that it was a "fat finger trade"

"A human error caused by pressing the wrong key when using a computer to input data. Fat finger errors are often harmless but can sometimes have significant consequences for example, if the wrong number is entered in performing a mathematical calculation."

In short I guess we had another crash in sterling because some fat banker called fatty Mcbutter pants used his chubby marmalade covered fingers to buy more cake on-line.

The poor little man loses his shirt again.


Thanks,
Ray Priestley

A human error caused by pressing the wrong key when using a computer to input data...”
 

Clive have you been interfering with the stock market?


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

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