The new week has begun with slight risk off tone. At 12:00 GMT, the major European stock indices were down across the board, with the FTSE down more than 1% thanks to a big spike in GBP. US index futures pointed to a lower open on Wall Street.
Safe-haven gold was rebounding slightly after it suffered its worst week in 3 years last week. In FX, the pound was the strongest major currency, while the Aussie brought up the rear.
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