UK PM Brown says that countries should prepare exits strategies but should hold off on using them until the recovery is secure. He said this in a letter to EU leaders. Having hear it all a hundred times before, I’m sure EU leaders will be thrilled to get a fresh copy…
EUR/GBP trades at session lows of 0.9054 as the market continues to trim EUR longs across the board. Cable trades at 1.6340 after a wild morning session saw the pound squeeze higher again.
