1. When a wire loop surrounds a stationary magnet, no current flows in the loop. What Faraday and henry discovered was that moving the magnet causes a current to flow in the loop. It does not matter whether the magnet or the loop is actually being moved; the origin of the current lies in the relative motion between a conductor and a magnetic fieldIV. 1.When a wire loop surrounds a stationary magnet, no current flows in the loop. What Faraday and Henry discovered was that moving the magnet causes a current to flow in the loop. It does not matter whether the magnet or the loop is actually being moved; the origin of the current lies in the relative motion between a conductor and a magnetic field