Pound takes a quick spill to 1.5258 from 1.5320

GBPUSD drops 60 pips

A quick trip up in the pound to 1.5258. Not seeing any headlines right now but GBPJPP has also gone down the shoot after recovering to 190.40 from 189.53. It fell from 190.36 to 189.78

GBPUSD

The yen crosses look to have been driving a lot of the moves today and EURUSD has dropped again as EURJPY falls too after recovering to 140

Traders note that there's a lot of flows going through the FX/bond switcherooney once again. Bunds yields are up again at 0.938% from a 0.855% low