EUR/USD has slipped lower in early European trading, presently down at 1.2700. Market sources note sell-stops gathering down around 1.2680. Meanwhile ECB’s Stark, speaking on German radio, has said that ECB president Jean-Claude Trichet has not ruled out further easing in monetary policy, should the situation warrant. He also opined that the present economic downturn is likely a delayed reaction to previous record gains in oil prices, as well as the ongoing market crisis.