Moves down in both EUR/AUD and EUR/GBP today look at face value to be corrective but dealers in London note macro and real money flows in both. Obviously some interest today in the budget cuts in the UK with stops taken out above 1.4500 (GBP/USD) a few minutes ago whilst the AUD has been pushed and pulled today with liquidity a big problem. EUR/AUD is now back below 1.50 after trading towards 1.55 on Thursday whilst EUR/GBP hit 0.8611 a short time ago, down from 0.8771 on Thursday.