Nostalgia for Gordon Brown? Is that the reason for the US stock selloff? Not sure, really.

EUR/USD has dipped to the 1.2705 as the Down and S&P turn lower on the session.

Brown has announced his resignation and gone to the Palace to advise the Queen and ask here to invite David Cameron to form a government.

1.2665/701 remains support while 1.2750 is the topside cap.