EUR/USD sits at 1.4045, some 9 pips below where it was when I came onboard. Buy orders seen 1.4000/20, sell orders 1.4090/00 and neither set of orders ever really looked threatened. Cable down at 1.5975 from early 1.6010, having been as low as 1.5934 at one stage. Stops tripped through 1.5980 and 1.5950 accelerating the sell-off. Investment bank selling noted. Also reports of large sell order in GBP/AUD going through early, said to be linked to insurance payments for Queensland floods. EUR/GBP up at .8795 from early .8775, real money buying noted out of the gate. Talk of stops above 8820, but also conflicting reports ... (full story)