What a session. You could hear a pin drop.
AUD down about 15 points since the open.
EUR and cable up a fraction too.
Roll on 8am GMT, when the Cypriot parliament is due to vote on the banking restructuring and the Solidarity/Wealth fund bills. My guess is it will all be delayed again, though.
The ECB have given Cyprus until Monday to agree on bailout terms with the European Union and International Monetary Fund. If they haven’t they’ve said they’ll cut Cypriot banks off from emergency funds.