Cable undoes all the good work while the euro heads to 1.10 I can't say I'm surprised in the moves as we've got the big risk event and end of month to contend with. That's been a powerful enough concoction to see traders taking profits in GBPUSD ahead of the FOMC We've been down to 1.5615 from the highs at 1.5690 pretty swiftly and into the band of support from whence we started the day (full story)