German finance ministry spokesman across the wires 6 Feb

  • G20 remains main platform for co-ordinating financial market regulation and taxation
  • Basel 3 negotiations should not focus on loosening regulation for banks, but rather on creating a level playing field

Eyes across the pond again.

Meanwhile it's the pound, not the pond, that is also in focus as GBP pairs seem to be enjoying the best of an indifferent start to the week.

GBPUSD has posted 1.2490 highs as EURGBP has a look lower around 0.8600. Offers around 1.2500 next hurdle if the rally is to continue.