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Volatility is high in markets. The US dollar is making an attempt to recover but the winds have changed against it as trade fears overtake stimulus hope. The pound gapped lower on Hard Brexit fears and then staged a remarkable rally. Can it extend it? The single currency is in the limelight, at least temporarily and so is the Australian dollar with the jobs report and Chinese GDP. The action is likely to continue.

Wrap of the morning show for January 18th 2017: