EUR/USD got a bit of a bump from the EU summit situation, but the markets hardly seem overly excited by it. The resulting gain was tepid at best as the idea of fiscal union still seems like a far way away from where we are presently.
GBP/USD rose above the 1.57 level again, only to be swatted away as it approached the 1.58 level. This market looks tired, and we think that a fall is coming.