EUR/USD had a fairly wild session on Wednesday as the fall in price that the Europeans and Asians put on this pair was reversed by the Americans once they came aboard. With the Spanish 2 and 10 year bonds being auctioned today - there is significant risk in this pair.
The EUR/GBP pair broke through the 0.82 level as the Bank of England put to rest the idea of further easing. This caught the markets off guard a bit, and the Pound rose as a result.
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