GBP USD

[FreakofNature]

Hot damn!

 

[CyJackX]

What a rip. I wonder how many folks just blew up?

From 1.26 to 1.15...that's $11k USD per lot in 2 minutes!

No apparent news either.

 

[Robert Morse]

That was nasty. I see a 1.18606 low. Someone got stopped out.

 

[Pippi436]

Probably algo-driven falsh-crash again.. or an epic fat-finger.

 

[CyJackX]

Pretty sure anybody who had a stop on got stopped out!

 

[Robert Morse]

http://www.cnbc.com/2016/10/06/british-pound-sterling-crashes-to-fresh-three-decade-low.html

http://www.bloomberg.com/news/artic...1-percent-in-biggest-drop-since-brexit-result

 

[JackRab]

I hear a European bank was a big seller... thin market though, maybe a bit too eager?

Vols aren't doing anything, indices hardly lower... meh...

 

[CyJackX]

How eager does a big seller have to be to trigger a 6% swing? You'd think they could've decided to spread it out over more than 2 minutes...

 

[FreakofNature]

Was anyone on the right side of this trade? Able to exit at the extended levels? I had a short from 1.29 area but covered 1.2550, never in a million years would I have guessed 1.18s so rapidly. At least with BREXIT you knew, something monstrous could happen.

 

[atrp2biz]

I wonder how many barriers were impacted by this. For the experts out there, how big of a market are the exotics?