# No single factor behind sterling flash crash, BIS says - BBC News

> A BIS report found the October 2016 sterling flash crash, in which the pound fell about 9% against the dollar, resulted from several factors including thin trading at Asian hours. The report says no significant trader losses occurred and that lessons should be learned.

- Date: 2017-01-13 · published 2017-01-13T12:00:00.000Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/73228-no-single-factor-behind-sterling-flash-crash-bis-says-bbc-news
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is a currency market-structure finding with no bearing on feed commodity supply, demand or prices.

## Sources

- bbc.com: https://www.bbc.com/news/business-38607480

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.