President Trumps self hailed "Liberation Day" has caused utter turmoil in the markets.
Dollar backed assets are the biggest casualties.
And that's before we reflect on the huge disconnect in Pound rates against other major currencies.
Traders are taking risk off the table to the tune of trillions of Dollars. Global stock markets have taken a bath, led by the S&P 500 and the NASDAQ. Oil has also come off the boil.
Now to the topsy turvy Pound.
Sterling has gained massively against the Dollar and the Australian Dollar.
AUD is under fire as most exports from Australia are Dollar backed assets from their proliferation of mining activity.
However, against most other currencies it's the opposite story for the Pound.
The Euro and the Canadian Dollar in particular are crushing Sterling at the moment.
A difficult question to answer is whether the reaction to the global tariffs is now fully priced in.
If all of that wasn't enough to get your teeth into, there's still plenty of scheduled data out today to move things.
Canadian unemployment, US non farm payrolls and a key speech from the FED Chair, Jerome Powell, are in the offing.
The US is expected to have added 135,000 permanent jobs in March, so eyes down for that later.
US: 13:30 Non Farm Payrolls
CAN: 13:30 Unemployment Rate
US: 16:25 FEDs Jerome Powell Speech
As ever we look forward to keeping you in the loop and look out for our next update.
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