EUR/USD is seeing a modest dip after spending much of the morning consolidating in a tight range either side of 1.2900.

Much of the order board was wiped clean during the earlier volatility in Europe surrounding the release of the German court decision. Buyers are seen at 1.2810/15 with more at 1.2790/95. Offers remain at 1.3910 and 1.2935 near-term.