Back to where we started, except for the AUD

I think all of the majors are pretty much where they were when we started the day, with the exception of the AUD/USD which is almost 100 pips lower. European traders are going to walk in to news of proposed financial market reforms and I suspect that the GBP might be in for a rough ride once London opens. Anything which adversely affects the City of London is bad for the GBP.