Algos are back in charge, running EUR/USD up and down within the range, following in lockstep with the S&P. Also contributing is steady, unrelenting demand for EUR/GBP. The cross trades at session highs of 0.8960, targeting the 0.9010 level next. Anticipation of further BOE easing via QE and lower deposit rates at the BOE are undermining the pound again today.
EUR/USD has bounced to 1.4740 from a trip to the 1.4700 area.
