The reflation trade is alive and kicking again today with Dealers reporting decent size buying in Cable by an Asian Central Bank which has pushed the pair up to 1.6470. Eur/Usd is flirting with offers at yesterday’s high in the 1.3985/90 region and Usd/Jpy is trying to retake 96.00. S&P Futures continue to climb, helping the bullish mood that prevails.