Traders note selling on rallies to 1.4400 and above this morning, some of it linked to a 1.400 vanilla expiry at 14:00 GMT. offers extend up to around the 1.4450 area.
Bids begin around 1.4350 and extend down to 1.4325. Stops are eyed below that level.
Next up we get US industrial production data at 13:15 GMT, expected to rise 0.5% in July.
