EUR/USD is finding buyers on dips to 1.4800 as the US morning winds up. Selling of EUR/GBP continues even in the wake of the 15:00 GMT fixing, with the cross sliding as low as 0.9341 so far. Cable is solidly underpinned, squeezing the bejezus out of the latecomers to the weak pound party. Cable trades at 1.5860.
Stocks are not getting the usual lift out of the soft the dollar they’ve gotten in recent months causing a bit of head scratching and making markets somewhat more flow-driven than normal today.