Central banks are sitting on the offer in the 1.4610/20 area this morning, traders say. Similarly, probes above 1.67 in cable have brought out seller this morning. Each subsequent probe has come with a lower high.
1.4570/80 is decent support on pullbacks in EUR/USD near-term.
Just crossing the wires are comments from Bundesbank president Weber who says that the phase of economic freefall is over but that recovery will take a while, a view the market has heard before.
