A little bit of Euro buying on the back of a little further profir taking in EUR/GBP; as I said earlier the market has been selling the latter pair and some profit taking ahead of the thursday UK rate decision is to be expected.
The Euro buying has pulled some of the other crosses up and the AUD and NZ are similarly firm;
We may see some further Euro buying in Europe by ACB/s as it it believed some local currency intervention may need their USD purchases to be unwound
