EUR/USD sits at 1.3180, little changed on the day so far in Europe. European stocks are off to an OK start and this will be helping temper the negative impact of the poor Chinese GDP data.

Technical suppport lies at 1.3165 and then 1.3140/45, resistance at 1.3205.

The positive start to the day for European stocks will also be lending cable some much-needed support. Cable is touch firmer at 1.4960.