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

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Market anticipates even more dovish Fed: Moltke-Leth

The Fed leaves rates unchanged and says stimulus wind down will begin relatively soon. And according to Saxo Bank's senior sales trader Christoffer Moltke-Leth, this is because the Fed is struggling with an inconsistent labour market and low inflation. The Fed still foresees one more rate hike this year and three hikes next year, but the market does not agree, says Moltke-Leth. "The market expects the Fed to be even more dovish."

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Squawk / 07 October 2016 at 0:05 GMT

Max McKegg

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 :)

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