Most focus has been on the pound thus far this morning, but don’t look now: here come the dollar. Looks like a bout of risk aversion is underway as US equity futures dip to session lows and oil slips nearly a buck and a half.
Expect dip buying from the likes of Russia and Asian central banks on dips toward 1.4880/90 again, so careful about getting beared-up at the lows.. EUR/USD trades at 1.4911.
