EUR/USD has edged away from its latest assault on 1.4250 amid talk of selling from the BIS. With Asian and Middle Eastern central banks loaded to the gills with EUR/USD, some modest profit-taking 30-50 pips ahead of a major high (1.4280 from November) makes all the sense in the world…
Traders noted very steady sales from central banks in Cable this morning on the rally through 1.6350 but that pair managed to push through 1.6400 before stalling. 1.6340/50 should act as support on pullbacks for the pound. EUR/USD bids are eyed at 1.4210/15.
