Richmond Fed index steady at 14 in September

The Richmond Fed manufacturing index held steady at 14 in September. The Services revenues index dipped to -12 from -8 in August.

US home prices rose 0.3% in July from June but fell 4.2% from the prior year, according to the FHFA.

Traders note a wave of EUR/GBP sales hitting the market at the moment. Earlier today Goldman Sachs recommended selling that cross for a decline to the 0.8400. That’s the last thing the BOE would want as it tries to keep the pound weak to support the export sector.

EUR/USD is approaching support at 1.4770. More support is seen in the 1.4720/40 window.