EUR/USD continues to be boxed in on both sides this morning but after an early sell-off, GBP/USD has raced ahead trading above 1.5450 a few minutes ago. No real news other than the Asian central bank buying below the figure as mentioned earlier. Elsewhere USD/CAD holds below parity whilst AUD/USD has not flinched all session.
European equities are all up around 0.5% following on from Asia’s mostly positive performance. The Singapore move in Asia from where I sit seems to be the main driving factor today with ‘risk on’ trades in favour across the board.
