US equities have turned solidly higher (+0.6%), oil is up 0.85 and the IMF says the recession is over. Looks like risk is brisk, and the lowly British pound is leading the way, for some odd reason. Every dog has it’s day, it has been said.
Cable reached 1.6527 on short-covering, absorbing sellers in the 1.6485/1.6500 region. EUR/USD has blipped higher as well, up to 1.41110 from the 1.4070s. AUD/USD is now at 0.8227 after some Chinese buying near 0.8200 (thanks Pancho!).
