The offers I mentioned earlier starting around 1.3320 are capping the EUR/USD for the moment at least. The high on the first attempt was 1.3323 and the high on the second attempt was at 1.3320 so perhaps it might be a case of third time lucky for the bulls.

Cable has yet to test the overnight high at 1.5955 but it has been solidly bullish all day, showing little inclination to retrace its gains. The high so far has been 1.5941 and its still trading close to that level.