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Apple profit warning ignites a currency flash crash overnight

USDJPY News by Newsroom on 09:17 January 03, 2019 EST

Apple cut its revenue guidance on Wednesday on the back of weakness in the Chinese market. In pre-market trading Apple’s shares are down by 8.5%, after its first revenue downgrade in almost 12 years.

Overnight the USDJPY and GBPUSD flashed crash driving the first below 105 and the always weak pound to as low as 1.24.