Dealers complaining about pathetic liquidity
Nobody is playing according to interbank dealers and liquidity is very poor indeed it would seem. (I guess if you keep stopping traders out all the time, they will eventually stop trading!).
This 1.2885/90 level is where the ACBs were busy earlier in the week, no reports yet on any activity from them, and I’d expect there to be more stops directly below there. Bids reported at 1.2865/70.