Mixed outlook for risk, but Thanksgiving......>

FOREX: Mixed outlook for risk, but Thanksgiving squashes any volatility

- Risk appetite looked relatively positive headed into the Asia-Pac session

before sentiment soured as President Trump signed legislation that sides with

Hong Kong protestors - raising concerns that his endorsement could make a phase

one trade deal with China more difficult. As a result, CNH is offered this

morning and central European equities are softer.

- GBP sits at the top of the pile early Thursday following last night's release

of the much-watched YouGov MRP poll. The poll was roughly inline with

expectations in echoing national polling to predict a workable Conservative

majority. There are still some question marks over the results, with markets now

appearing to settle on majority for Boris Johnson, although not quite of the

same size projected yesterday.

- Confirmation of German November CPI is the sole calendar highlight Wednesday,

with Thanksgiving holidays unsurprisingly likely to thin volumes, newsflow and

market action going forward. The ECB speaker slate is slightly more exciting,

with comments due from de Cos, Coeure and chief economist Lane.