After an initial burst of selling at the open, US equities have steadied and have recovered much of their early losses. The S&P is down only about 3 points at the moment after trading about 9 points lower in early trade.
EUR/USD is stabilizing, drifting back toward 1.4100 after dipping toward out support zone in the 1.4075 area.
Cable is helping lead the recovery, bouncing a cent from its lows earlier in the day. Heavy buying was seen in the 1.6350/60 area, thought to be from Asian central banks.