Street Chatter – Thailand

In the past 2 hours, we saw some majorly big moves yet the only data that came out was the German IFO and UK GDP. The IFO beat at 110.1 for Jul vs expected 109.7 for Current Assessment and just under for the Expectations Index at 102.4 vs expected 102.5. UK GDP was in line at 1.4% growth for 2Q13.

Yet look at the GBP chart. It is pretty much the same for everything else.

Street talk that Thailand may pass a bill that will allow Thaksin to make a come-back and so coup fears and the Thai SET has fallen 3%. (courtesy of my favourite futures broker)

Stops triggered across the board.