GBPUSD was capped earlier by EURGBP demand but is now reversing out that move
Comments by BOE dep gov Broadbent that the US recovery "is not that strong" while bigging up the UK's domestic demand expectations has lent some support to the pound
Good offers into 1.5225 have now been filled having held the rally in Asia but those at 1.5250 have held again so far and this seems a good place to short still
EURGBP move back down from offers/res around 0.7220-25 have helped cable head up but is now running out of puff again
Currently 1.5237 and 0.7010 we can expect ranges to remain tight ahead of the FOMC but there's opportunity to be had for the intra-day traders.
Bring on the next talking head!
