Some minor respite as EUR/USD drifts back to 1.2230 from as high as 1.2247. Stocks are weakening with the S&P 500 down 5 points to 1351.

Cable chomped through offers up to 1.5610, rising as high as 1.5624 but back down to 1.5610 now.

Option expiration at the top of the hour could be pulling EUR/USD back to 1.2200.