Fears that the BOE may not be done with QE are helping undermine the pound this morning and push EUR/USD up to fresh session highs in the low 0.8960s. Disappointing money supply is what the market is fretting about this morning, to the extent that it is fretting.
We are testing the downtrend in the low 1.4290s once again, drawn of the December 3 top. Small stops are seen clustered in the 1.4300/20 area, traders note.