Euro posting a few gains as ECB presser opens 25 Jan

Rising medium term inflation hopes and stronger than expected economic growth sees EURUSD posting new 3-year highs of 1.2483 helped by softer USD generally.

Beware barrier option interest at 1.2500 and 1.2600 as I have warned over past day or so plus vanilla expiries today at 1.2500 of $950m

EURGBP up to 0.8730 even as GBPUSD breaks up through 1.4300 again on the softer greenback. EURJPY higher at 135.94 with USDJPY lower at 108.84 again.

Draghi Q&A just underway so beware also a few comment bombs