As Jamie mentioned a few times in his overnight commentary, there was some very significant buying of cable ahead of 1.6250 overnight with China seen as the main buyer. Heavy stops are also touted below 1.6230. The cable buying allowed EUR/GBP to play catch up. It is back at yesterday’s .9030 level after spiking to test Fibonacci resistance at .9090 in early Europe on the Moody’s UK-debt rating and the poor UK industrial production data.