Global PMI, as compiled by JP Morgan, rose to a 44-month high in December, to 55.0 from 53.7. New orders rose to 58.6 from 56.7, the highest in five and a half years.

AUD and CAD are partying as a result.

EUR/GBP saw heavy buying in the run-up to the 16:00 GMT fixing, reaching 0.8959 before pausing. EUR/USD held range tops at 1.4458 in the flurry and are now a touch easier at 1.4430.