The much touted Vodafone/Verizon deal is due to be completed tomorrow and much has been made of the possible FX flows equating to the deal. As such there maybe some speculative interest at tomorrow London fix. However it has been noted that the cash element of the deal is not due until March 4th.
I personally don’t hold much to M&A chatter as I don’t to options talk as the parties involved will do the deals as and when they see fit and it’s never usually just a straight cash exchange on X day, especially with the amounts involved. However, that doesn’t stop the market talking it up and so it’s something to look for as a reason for price action rather than something to jump on. If we get a sharp move tomorrow at least you’ll have half an idea what it is and can treat it accordingly.
