World Bank chief Zoellick says that he’s unsure where global demand will come from for an economic rebound but he does see China surprising to the upside. Efforts to move China to a more international currency system is a good thing, he said.

EUR/USD is well supported, continuing to absorb offers above 1.3900.

Cable is a runaway train, trading at 1.6055 after rallying as high at 1.6068 on short-covering.