EUR/USD is up at 1.3565. Obviously BIS buying has helped. But price action in the EUR/GBP cross will be helping too. The cross is up at .8390 from early .8370. Sources note “fast money” buying back/taking profit on shorts ahead of inflation report/Merve the Swerve. Guess fast money is short-term specs. No one ever went broke taking a little profit along the way.
Cable has dipped slightly back to 1.6155.
