BOE FPC new recruit being vetted by the TSC 11 Oct
- has no definitive explanation for Friday's flash-crash
- no coincidence that it happened in thin liquidity conditions
- moves like Friday's fall does not cause concern as long as there's a bounce back
- still very concerned about possibility of a slowdown in UK economy
- does not think algo trading creates systemic risk
Oh really?
GBPUSD still sliding but some general USD demand prevailing and helping it on its way
EURUSD on 2-month lows at 1.1095 with EURGBP still pressuring 0.9030 demand
