Perhaps this is the reason for GBPUSD sell-off...... French President Hollande...

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

I got 1.18235

07 October

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

brilliant!

07 October

Patto

Saxo low 1.1462 by the look of it............

07 October

DudetteUK

Strange as France is asleep t this hour, so this is not news

07 October

Juhani Huopainen

Flash-crash - fat fingers, stop orders, barrier options. Could even be intentional.

07 October

DudetteUK

Juhani, where are you based to be in so early??

07 October

Qi2

SaxoTrader 2 shows a low of 1.08361 on GBPUSD

07 October

bvlaerhoven

i've got the lows as 1.0836 on the bid and 1.1837 on the offer

07 October

stratosphere

I got 1.20 lows in XM broker

07 October

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

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

Dudette - in Helsinki. I'm really an owl disguised as an international man of mystery :)

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Video

Options Lab webinar: Review of gold, euro and oil option markets

Disclaimer