Snip, snip snip indeed.

Funnily enough I watched Sweeney Todd (The Demon Barber of Fleet Street) at the weekend.

EUR/USD has enjoyed something of a rollercoaster ride during the Asian session, reaching high of 1.3355 and low of 1.3183.

Confirmation of the Irish bailout gave the lift, private bond holders having to share any restructuring burden of euro zone debt bought after 2013 providing some pressure. That and the fact the market now has it’s eyes fixed on the bigger fish in the periphery pond, with Portugal and Spain very much in the cross hairs.