Fed Governor Tarullo singing familiar song

New Fed governor Tarullo says data suggests the economy is near a bottom and that growth will resume later this year. The recovery will be painfully slow though, he says and unemployment will continue to rise. Sounds familiar, no? EUR/USD has probed back above 1.3900 following in the heels of cable’s rally. Offers are seen through the 1.3925 level, traders report.