Britain's pound has slumped after a so-called flash crash - with the UK currency already under pressure over Brexit fears. During Asian trading hours the pound crashed briefly to $1.1841, but has since recovered much of that ground. Analysts believe automated trading systems were somehow triggered, leading to a sell-off. It came after reports French President Francois Hollande is calling for 'tough Brexit negotiations'. Laith Khalaf of stockbrokers Hargreaves Lansdown says it was a short, sharp fall in pound sterling.
LISTEN
Dubai Land Department signs 11 agreements
Trump signals tit-for-tat China tariffs may be near end; TikTok deal on ice
Mubadala announces $600M investment in Nord Anglia Education
Shein, Temu to hike prices under pressure from Trump's trade policies
US issues new sanctions targeting Chinese importers of Iranian oil
