EUR/USD has retraced a bit over 38.2% of the run up from 1.2243 session lows. Stops were triggered below the 1.2350 area, just below a consolidation area on the short-term charts. Next support is at 1.2327, the 50% retracement of the intraday range.
In Cable, macro hedge funds have been sellers in the last few minutes, a UK clearing bank reports. 1.4750/55 is support on dips.
