EUR/USD is drifting lower which is often the type of move which catches people unawares. No sign of any significant buying interest at the moment although the fact that the market stalled at 1.4005 last night suggests that there may be some sort of option activity at that level. Cable is also on its lows but again has failed to break below the 1.6350 level. The Tokyo market is now starting to warm up and they might instill some momentum.