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Sebastian Galley, senior currency strategist at Deutsche Bank, who joins us now here at the Pierre Hotel.

Thank you very much for being here.

And let's start with what we're seeing in the currency market in light of that attack yesterday.

Not a whole lot of movement in the pound.

Let me just expand from that to say, we're dealing with a lot of political risk and when you look at the 4X space it seems like politics has been and continues to be a huge driver here.

Indeed it's a big driver. I think the market got used to terror attacks and I'd like to express my condolences to the people of England and the United Kingdom

But they have basically learned to deal with terrorism in in Europe and basically it means that it has very little impact.

For example, what you could see is you could see a terror attack ahead of the French election,

...