Angela Merkel was behind some late volatility in the FX market, with her comments fueling a round of Pound demand after talking about practical solutions to the Irish backstop.
Video Length: 00:01:01
Angela Merkel was behind some late volatility in the FX market, with her comments fueling a round of Pound demand after talking about practical solutions to the Irish backstop. This opened the door for position squaring in the UK currency, with a very short market lightening up on that short exposure.
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