Robots? Fat fingers? UK pound endures one of its worst days

October 7, 2016 4:12 PM

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Robots? Fat fingers? UK pound endures one of its worst days

London — The British pound endured one of its biggest falls ever on Friday — with some in the markets blaming trading robots or a fat-fingered typo for sending the currency down a precipitous 6 percent in just a couple of minutes.

For one of the world's major currencies, which is held as a reserve by countries around the world, that's a huge move, matched only by the pound's fall in the wake of dramatic events like Britain's June 23 vote to leave the European Union.

Also read: Boris Johnson: UK should not pay 'large sums' for EU trade access

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