We’ve got a good two-way battle on our hands. We rallied to test the top of the resistance band between 1.2965/1.2990 before easing on sales at the 13:15 GMT ECB fixing. EUR bulls will be disappointed that news of Japanese European bond purchases were not enough to spark a stop-run above the 1.3000 level.
And yes, I have already heard from Simon Hobbs... He who drinks last drinks best, Simon…