Merge with essilor in a 53 billion deal. It is 8 00 a. M. Across the emirates. I am yousef gamal eldin. Shery i am shery ahn in hong kong. Welcome to Bloomberg Markets middle east. Risk off sentiment, everyone crowding the dollar again with the index up. 4 and the japanese yen strengthening for a session. Secutive a different story for the british pound after breaching that 1. 20 level for the First Time Since the flash crash. That happened during asian trading, so we have to keep an eye on that british currency. Yousef it is dead center in focus. That is what we can say. The british pound and the beating it got off reports that theresa may is seeking to leave the single Currency Union there to regain control of the borders for britain. This is the chart that puts it into perspective. This is a story that goes back to june 2016, every time theresa may spoke, the pound lower. Vote, then theresa may takes power, then their reaction to the speech in october, reports they will seek a hard