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Most of the action is in FX

CROSS ASSET
  • Most of the action is mostly in FX this morning and particularly the bid in the Pound, after Boris is set to save Christmas from any restrictions.
  • Volumes in Bund and Govies are very low, when you consider just 61k lots traded for Bund
  • Equities are fading off their best level, but once again liquidity is on the low side.
  • Note for the US, markets close at 13.00ET/18.00GMT and are closed tomorrow

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