‘Flash’ currency moves will continue to surprise markets – BoE’s Salmon

Chris Salmon, BoE: markets should expect further flash events

The executive director for markets at the Bank of England has said he expects further "flash moves", similar to the sterling crash in October 2016, to "surprise markets".

Speaking on January 24, Chris Salmon said despite financial markets now having the ability to "process identifiable risk", the modernisation of markets has led to a "growing potential" for flash events to occur.

"The events of October 7 highlight the vulnerability of such markets to seemingly unprompted flash price movements,"

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account