{"id":54725,"date":"2016-10-10T08:19:52","date_gmt":"2016-10-10T12:19:52","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=54725"},"modified":"2016-10-10T08:19:52","modified_gmt":"2016-10-10T12:19:52","slug":"liquidity-illusion-burns-traders-blindsided-by-pounds-crash","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2016\/liquidity-illusion-burns-traders-blindsided-by-pounds-crash.html","title":{"rendered":"Liquidity Illusion Burns Traders Blindsided by Pound\u2019s Crash"},"content":{"rendered":"<p>(Bloomberg) The inexplicable volatility that roiled the British pound last week came as no surprise to Bank of America Corp., which just days earlier warned that liquidity in the $5.1 trillion-per-day global currency market was far worse than anyone imagined.<\/p>\n<p>Sterling sank 6.1 percent in a span of minutes in early Asian trading Oct. 7, following at least three other bouts of puzzling foreign-exchange turbulence in the past two years. The latest episode involved the fourth-most-traded currency, serving up a stark reminder of the pitfalls that investors face in the world\u2019s biggest financial market as banks &#8212; the traditional middlemen &#8212; step back amid post-crisis regulations. <\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-10-09\/illusion-of-liquidity-burns-traders-blindsided-by-pound-s-crash\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) The inexplicable volatility that roiled the British pound last week came as no surprise to Bank of America Corp., which just days earlier warned that liquidity in the $5.1 trillion-per-day global currency market was far worse than anyone imagined. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54725","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=54725"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54725\/revisions"}],"predecessor-version":[{"id":54726,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54725\/revisions\/54726"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=54725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=54725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=54725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}