Heard anything about the sterling move?
Senior participants are still in the dark regarding last week's slide – a highly unusual situation in the gossipy FX market
The big sterling crash last Friday (October 7) continues to remain a mystery. Even today, no one has the skinny on who was behind the move or their reasoning. In cases like this, the notoriously gossipy foreign exchange market usually figures out the main players within a couple of days, but not this time.
To be sure, all participants in the market are speculating, but the likely scenarios being floated pretty much cover all eventualities. Rather than a version of events building up steam, the
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