ECHO FX | Demystification Committee

ECHO FX replays the night of the 2016 UK EU membership referendum through the echoes of disinformation spread on social media by Nigel Farage, in an apparent effort to short the £.

230616 2200: as polls close in the UK referendum on EU membership, Nigel Farage, a former commodities broker and the face of Leave EU, concedes defeat.

230616 2252: in a Foreign Exchange market imbued with Remain sentiment, the network effect of Farage's concession pushes the £ to a six month high.

240616 0528: the £ reaches its lowest point in 30 years, losing 12% of its value against the $.

ECHO FX replays the night of the 2016 United Kingdom European Union membership referendum through the echoes of disinformation spread on social media by Nigel Farage, in an apparent effort to short the £.

Suggesting a Remain win, those echoes manipulated market sentiment in order to inflate the value of the £, seemingly setting it up for a "pump and dump", a form of trading fraud aimed at boosting the value of an asset through misleading statements.

As the £ subsequently crashed amongst market disbelief, a number of London City traders with access to insider information pointing to a Leave win made millions from the £ collapse.

ECHO FX was screened on the third anniversary of the referendum vote night, in June 2019, and performed live 24 hours before the United Kingdom left the European Union, in January 2020.

2020 (live): CTM x TRANSMEDIALE
BERGHAIN, berlin
2019 (screening): Ø.29
CORSICA STUDIOS, london

ECHO FX replays the night of the 2016 UK EU membership referendum through the echoes of disinformation spread on social media by Nigel Farage, in an apparent effort to short the £.
230616 2200: as polls close in the UK referendum on EU membership, Nigel Farage, a former commodities broker and the face of Leave EU, concedes defeat.
230616 2252: in a Foreign Exchange market imbued with Remain sentiment, the network effect of Farage's concession pushes the £ to a six month high.
240616 0528: the £ reaches its lowest point in 30 years, losing 12% of its value against the $.
ECHO FX replays the night of the 2016 United Kingdom European Union membership referendum through the echoes of disinformation spread on social media by Nigel Farage, in an apparent effort to short the £.
Suggesting a Remain win, those echoes manipulated market sentiment in order to inflate the value of the £, seemingly setting it up for a "pump and dump", a form of trading fraud aimed at boosting the value of an asset through misleading statements.

As the £ subsequently crashed amongst market disbelief, a number of London City traders with access to insider information pointing to a Leave win made millions from the £ collapse.
ECHO FX was screened on the third anniversary of the referendum vote night, in June 2019, and performed live 24 hours before the United Kingdom left the European Union, in January 2020.

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