Sterling has recovered slightly from its flash crash when it plunged 6 percent against the dollar. Who will benefit if the pound stays low?
"It just became a vortex." That's how currency analyst Boris Schlossberg described Friday's plunge in the British pound.
CNBC's Steve Sedgwick reports the British pound dropped as much as 6 percent in early trading but is now recovering as question remain over what prompted the "flash crash."
Boris Schlossberg, BK Asset Management, provides his thoughts on what likely triggered the "flash crash" in the British pound.
Remo Ruffini, CEO of Moncler, explains why Brexit has benefited his luxury goods business and discusses its strategy in Asia.
Kit Juckes, Societe Generale, weighs in on what sent the pound into a nosedive and where he sees the currency going from here.
Kenneth Rogoff, Harvard University, weighs in on the plunge in the British pound after comments about a hard Brexit.
James Barty, head of global cross asset strategy at BofA Merrill Lynch, discusses sterling's overnight crash.
CNBC's Steve Sedgwick tracks the plunge in the British pound which fell 6 percent before bouncing back.
Valentin Marinov, Credit Agricole talks about what likely triggered the "flash crash" in the British pound before rebounding overnight.
Manish Singh, strategist & head of investments at Crossbridge Capital, talks about the U.K.'s Brexit negotiations and how those will affect markets.
The pound took a dive in Asian trade on Friday amid speculation of a fat-finger trade and a FT report that resurfaced fears of a "hard Brexit."
Elizabeth Martins, UK economist at HSBC, discusses the factors, such as Brexit, which are leading the pound lower against other currencies.
Kamal Sharma, director & G10 FX strategist at BAML, discusses the drop in the pound and says he expects the Bank of England to cut interest rates.
Steven P. Murphy, founder of Murphy and Partners, explains how the drop in sterling effects art sales, as the Frieze London art fair takes place.
Benjamin Gutteridge, head of fund research at Brewin Dolphin Ltd, explains why the British currency has moved sharply down once again.
Nordea Markets' Jesper Bargmann says the pound sell-off happened at the most illiquid time of the day, and before risk events such as the nonfarm payrolls.
Other currencies did not see corresponding moves so Friday's crash may not be a liquidity issue, flagged UBS' chief Asia-Pac investment officer Kelvin Tay.
French president Francois Hollande said the U.K. had to suffer the repercussions of its decision to leave the EU, the FT reported.
Sterling has become traders' shorting currency of choice as the dollar trends higher, says JPMorgan's Jonathan Cavenagh.