New low late trade today; pressured lower from stops and general technical selling. Light UK data no help overnight; traders note middle-eastern names on the bid as the rate drops.

Today's action again very two-way; stops under the lows drive trade also. Drop under psychological support at 1.7000 challenged again. Rate at buy zone now but range appears wider. Drop under the 1.7200 handle finds light stops. Monthly lows give way as sentiment won't rally.

Traders note quality bids on the dip suggesting a bottom is in here somewhere.  Aggressive traders can buy under 1.7000 area but expect more whippy action. Follow-on selling likely from technical's but spillover strength from EURO likely to be better to end the week.

Washington, Oct 22 : A team of cosmologists from the University of the Basque Country has determined that the accelerated expansion of the Universe can be explained by dark ‘phantom’ energy.

To explain the majority of the phenomena occurring in the Universe, complicated calculations with a computer are required and which have to be based on appropriate mathematical models.

This is what the Gravitation and Cosmology research team at the University of the Basque Country (UPV/EHU) is involved in: analyzing models capable of explaining the evolution of the Universe.

One of the phenomena that standard models of physics have not yet been able to explain is that of the accelerated expansion of the Universe.

Washington, Oct 22 : College students who do not take proper sleep, excessively sit before television or computer screens, suffer from stress, gamble, use alcohol or tobacco, or suffer from other health-related issues do not fare well in academics, according to a new study.

Researchers at the University of Minnesota Boynton Health Service claim that their study is the first to show a direct link between health-related behaviours and grades.