Currently 1.2308 after holding 1.2250 and finding a few buyers as we wait on UK PM May speaking from Davos at 09.30 GMT
Expect more two-way business.
Offers: 1.2325-30 1.2360 1.2380 1.2400 1.2420 1.2450 1.2475-80 1.2500
Bids: 1.2280 1.2250 1.2230 1.2200 1.2185 1.2150 1.2100
