The activity has hardly been an enthralling follow through to the overnight excitement.

The euro is maintaining a gently bid stance at the moment and cable has so far struggled to gain a foothold above 1.5150.

EURGBP as Mike mentioned seems destined to try the topside at some juncture although may be held for a while by an 0.8800 option. I expect a positive result out of Italy later today could see the top under pressure.