London is full of gossip this morning with traders saying stops placed above 1.37 are huge. Some are thinking that the Greece problem can be put on the backburner for a little while so shorts maybe in for a good old fashioned squeeze at some stage.
Looking ahead Bernanke speaks tonight et al other Fed members plus we have four S&P companies reporting earnings including JPMorgan. On the data front we have US CPI and retail sales for March (1230GMT) plus business inventories for Feb (1400GMT).
I have no real firm views but I would expect Mr Bernanke to remain dovish as usual.
