The Traderszone Network

Published in TZ Latest News 6 October, 2016 by The TZ Newswire Staff

ForexLive Asia FX news: GBP crushed in early Asia

Forex news for Asia trading Friday 7 October 2016
An even closer look:
GBP today (the bottom post is the first)
Other:
GBP was slammed lower in the early Tokyo morning, from above 1.26 to around lows of 1.1840 (lower lows were reported too, which is the nature of the OTC forex market) before bouncing back quickly to 1.2300 and then gaining more slowly to above 1.2400. Moves since have been less frenzied but spreads have blown out and the range after this would have been a huge one for Asia without the prior enormous drop.