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John J Hardy
European Central Bank chief Mario Draghi surprised markets by scaling back the Eurozone’s QE programme, says Saxo Bank’s head of FX John Hardy.
Squawk / 07 October 2016 at 0:05 GMT
Managing Director / Technical Research Limited
New Zealand
Perhaps this is the reason for GBPUSD sell-off......

French President Hollande speaking on Thursday night:

“The UK has decided to do a Brexit, I believe even a hard Brexit. Well, then we must go all the way through the UK’s willingness to leave the EU. We have to have this firmness”.

The question is: how low did GBPUSD trade ? One platform shows 1.1203 !
07 October
Montykris Montykris
I got 1.18235
07 October
Patto Patto
what was the low on Saxo ? Where are all these Saxo "experts" when we need them ? They seem to think nothing ever happens in the Asian trading session........
07 October
Max McKegg Max McKegg
brilliant!
07 October
Patto Patto
Saxo low 1.1462 by the look of it............
07 October
DudetteUK DudetteUK
Strange as France is asleep t this hour, so this is not news
07 October
Juhani Huopainen Juhani Huopainen
Flash-crash - fat fingers, stop orders, barrier options. Could even be intentional.
07 October
DudetteUK DudetteUK
Juhani, where are you based to be in so early??
07 October
Qi2 Qi2
SaxoTrader 2 shows a low of 1.08361 on GBPUSD
07 October
bvlaerhoven bvlaerhoven
i've got the lows as 1.0836 on the bid and 1.1837 on the offer
07 October
stratosphere stratosphere
I got 1.20 lows in XM broker
07 October
Siru Nurmi Siru Nurmi
Several days GBP has hit records with thinner and thinner order book until there was left only crazy orders. It is also record heavily with sell positions, just added this and last week. So, the obvious just happened. George Soros estimated 20% decreasing in GBP when brexit comes, and 1.2000 is very near it. What will happened next? Search for guilty ones, BoE is very happy, GB industry is happy, order flow, and soon GB is also free from EU regulation.
07 October
Q Q
This kind of thing can be very dangerous for anyone on the wrong side of the trade - massive gapping and/or not enough liquidity to fill stop loss orders - How do you advise to manage this kind of risk Max?
07 October
Juhani Huopainen Juhani Huopainen
Dudette - in Helsinki. I'm really an owl disguised as an international man of mystery :)

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