Brexit is turning ugly in financial markets. The pound is the most obvious casualty, with Friday bringing a short-lived collapse against the dollar in Asian trading hours. That is an unpleasant mix. The pound has now dropped more than 25 cents against the dollar since the Brexit vote and about five cents this week alone. In Asia, the currency dropped more than 6% in minutes before rebounding, a move that is being attributed to algorithmic trading in thin markets.

Source: Wall Street Journal October 07, 2016 11:45 UTC