The top trade of the week had a distinctly pro-European vibe
The clock is ticking down towards the Brexit referendum but a non-stop scaremongering campaign promising a punishing recession and untold job losses has spooked voters who were dabbling with the idea of protest vote.
The polls are shifting towards the 'Remain' side and bookies are lengthening the odds of the UK leaving the European Union.
At the same time, the market is buying back the pounds it sold off on worries about the vote. That explains why the pound was the top G10 performer last week while the euro lagged.
Plenty of money will remain in euros until after the vote but it will trickle back afterwards and EUR/GBP will undo all the gains since December.
If you want more Brexit news, check out the latest from the scaremongerer-in-chief at the FT: Martin Wolf.