Pound crashes 6% in 2 minutes

The pound saw a sudden collapse in intra-day trade on 08 October 2016, plunging over 6% to $1.1841 in two minutes, to hit a fresh 31-year-low. This reportedly followed a ‘flash crash’ driven by a technical glitch that created a lot of computer-driven orders.

So let’s discuss some questions related to this post:
Q1. By What percent Pound crashed and recorded a 31-year-low?
Q2. Pound Sterling (GBP) is the official currency of which country?

Source – The Hindu


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