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LONDON, Nov 21 (Reuters) - Sterling jumped by a full cent in a few seconds just after 1325 GMT on Monday, with dealers at several major banks saying there had been no clear driver of the move in a currency still smarting from a so-called "flash crash" a month ago.
Sterling, already up on the day against the dollar in midday trading in London, surged to $1.2500, before retreating to $1.2466, up 1 percent on the day.
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It also gained around half a percent to 85.015 pence per euro
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, passing Friday's two-month highs against the single currency.
Volatility of the pound has jumped since a vote in June to leave the European Union and it sank briefly by almost 10 percent before rebounding in a dramatic off-session move on Oct. 7 which central bank officials are still investigating.
(Reporting by Patrick Graham; editing by Nigel Stephenson) ((patrick.graham@thomsonreuters.com; +44 207 542 9429; Reuters Messaging: patrick.graham.thomsonreuters.com@reuters.net))
Sterling, already up on the day against the dollar in midday trading in London, surged to $1.2500, before retreating to $1.2466, up 1 percent on the day.
It also gained around half a percent to 85.015 pence per euro
Volatility of the pound has jumped since a vote in June to leave the European Union and it sank briefly by almost 10 percent before rebounding in a dramatic off-session move on Oct. 7 which central bank officials are still investigating.
(Reporting by Patrick Graham; editing by Nigel Stephenson) ((patrick.graham@thomsonreuters.com; +44 207 542 9429; Reuters Messaging: patrick.graham.thomsonreuters.com@reuters.net))
