What we are trading here for the flows, we started the week with Tokyo offering Sterling across the board, we are losing the NY roll from yesterday and Frankfurt are selling this morning. Is very clear the flow here and positioning for risk flows later this week.
Cross party negotiations for the negotiations for the negotiations continue, the lack of trust on both side is complicating things and the hopes of a deal are fading.
The risks here remain a PM May resignation as would give way for Johnson or a General Election and send Cable through the floor .. both scenarios send Cable lower.
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A quick update here for the open
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Monthly open was defended as we entered key support levels ... tracking the NY roll closely for continuation to the downside
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We are losing the lows ...
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First targets cleared in the target zone... well done all riding the pig