With the exception of the EUR/USD which is about 40 pips higher on the session, most other pairs are back to where they started. USD/CHF has not had the momentum to break through a presumed barrier at 95.50 but it hasn’t really bounced either so I’m sure our Swiss friends will have a go at it shortly. Sterling is also likely to come under more selling pressure in early London after the disappointing consumer confidence data released early during the Asian session.