The picture I’m getting from the interbank market is that there is solid selling interest at 1.4270/80, a healthy number of stops between 1.4280/00, heavier stops again between 1.4310/30, and then the selling begins again towards 1.4350. Bids are now solid around 1.4160/80. Gerry mentioned yesterday that there is talk of a fresh one month double-no-touch with parameters at 1.3950/1.4450 from Lord Voldemort of the Orient (they who must not be named!). If this is the case then put your range trading caps on.