Some better than expected data overnight has helped to re-infuse risk inclination  with currencies showing bid on the day thus far. UK CPI surprised to the upside, holding steady at 1.8% after analysts had been looking for a drop to 1.5%, while German and Eurozone ZEW came in stronger than consensus estimates. Looking to sell the Euro on an intraday rally back towards the 10/20-Day SMAs.

Tags:  Euro german sterling