Pound's post-data rally short-lived but range trading prevails still

The UK data came in better than forecast but the rally in the currency has been less than convincing

GBPUSD posted highs of 1.5032 but now back to 1.5017 while EURGBP is back to 0.7234 from 0.7223

We're still only range-trading so don't look for too much on either side 1.5000-50 and 0.7200-50

Decent demand into 1.4985 should we break lower