News Headline Summary

GBP/USD currently trades in close proximity to a touted option expiry at 1.6115 for the 10am NY cut (1500GMT); trades 1.6119 (+6 pips)

Update details:

- GBP/USD remains firm in early trade despite S&P revising the UK sovereign rating outlook to negative to stable, but with risk appetite driving flows away from the USD after positive data out of China overnight.

Print 08:36, 14 Dec 2012 - FX Flows - Source: RANsquawk