No single factor behind sterling flash crash, BIS says

Click here for BBC report on Sterling Flash Crash, 6 - 7 October 2016

Pre-programmed trades and the speed it gets executed does not allow any consideration of any other factors that may be moving the market.

Is this beneficial because emotions are taken out of the equation, or disruptive as the algos work so fast that it catches market participants off guard?

Some interesting considerations ahead of Theresa May's Brexit speech on Tuesday, especially if you are holding Sterling positions.