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 !

Montykris

I got 1.18235

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........

Max McKegg

brilliant!

Patto

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

DudetteUK

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

Juhani Huopainen

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

DudetteUK

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

Qi2

SaxoTrader 2 shows a low of 1.08361 on GBPUSD

bvlaerhoven

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

stratosphere

I got 1.20 lows in XM broker

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.

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?

Juhani Huopainen

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

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