‘Flash’ currency moves will continue to surprise markets – BoE’s Salmon
Bank of England executive director says there is “growing potential” for flash events to occur in core markets
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,"
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