It’s starting to look like the U.K. might actually leave the European Union. In fact, according to Betfair, they’re slightly more likely to make their Brexit that Donald Trump is to be preparing an inaugural address early next year. This has apparently made someone at one forex desk in Asia very nervous.
Sterling rose from $1.448 to $1.464 at around 5:09 a.m. U.K. time, coming back down quickly afterwards. There’s been no confirmation so far on the source of the trade, but the pattern of a rapid and quickly retraced move looks a lot like previous “fat finger” incidents.