No great surprises that I can see so far but traders were quick to snaffle back some shorts after a failure to head lower again

Initial reaction for GBPUSD was a sell below 1.5490 but soon reversed to 1.5536 taking out the offers around 1.5525 but leaving more at 1.5550 intact

Currently 1.5519 with EURGBP once again dipping below 0.7150 but also finding pound sellers once more to rally to 0.7160

Delicately poised here with the euro still in focus and the FOMC Minutes tonight likely to keep ranges intact