Article / 06 December 2017 at 12:14 GMT

Mid-session Europe: Risk-off hits equities, Brexit failure hurts GBP

Saxo Markets
  • EURUSD approaching 100-day moving average 
  • No deal on Irish border sees GBP sink further 
  • Gold challenged by copper weakness
  • Copper suffered biggest daily loss in almost three years yesterday
  • Crude oil drifting lower towards support at last week’s lows 
  • DAX -0.9%, IBEX -1%, CAC -0.6%, FSTE -0.2% 

Sterling has fallen again on the still unsuccessful attempt to marry Brexit and Irish trade.
Photo: John And Penny /
By the Global Sales Trading Team
  • Germany’s manufacturing orders has seen +0.5% M/M growth vs -0.5% decline expectations .
  • European equities offered with main losses coming from Tech, Chemicals, Basic resources and Banking sectors .
  • Vol curves traded higher for most majors .
  • DXY and JPY traded on the stronger side as risk-off development continued overnight .
Please click on the attached PDF for the Saxo Bank Global Sales Team's overview of the mid-session movements seen in forex, equity, FX option, commodity, and bond markets.
Mid-session Europe: December 6, 2017


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