This is starting to look very suspicious to me; I wouldn’t be selling down here and the market could just as easily whip back again. I haven’t found any new news so the market has been caught badly long in the 1.32’s
It would seem that the IMF comments earlier have had rather more effect than I thought; it seems to me that we keep getting much of the same comments but they have an ongoing bearing on the EUR and perhaps the Korean fiasco is adding a little concern