There will undoubtedly be a lot of........>

ARGENTINA: There will undoubtedly be a lot of focus on the open of ARS trading

later today (1400BST/0900ET) as markets eye the fallout of the loss for current

President Macri in primary elections over the weekend. The country's bonds that

trade in London have already been hit hard, pressing yields sharply higher and

raising the risk of a sharp currency sell-off when the market opens.

-Regional sell side analysts already see the ARS falling at the open, with BTG

Pactual seeing USD/ARS rallying as much as 25% Monday. Similarly, analysts at

Amherst Pierpoint are warning that markets will likely panic.

-USD/ARS closed on Friday at 45.3134. A 25% drop would see the pair below 35.00

for the first time since August last year.