NY Open: Twenty pounds of headlines
Markets started the day in a confusion of incoming news as ECB chatter met with trade talk updates and US macro data. EURUSD took it on the chin and dropped from 1.1270 to 1.1235.
Summary: Hurricane Michael is giving some support to oil prices as drilling platforms which account for about 35% of Gulf of Mexico production were moved or shut down. Elsewhere, EURGBP may be setting the stage for a big drop.