The rally continues

The newspapers in the UK are dominated with the news that Price Harry is engaged to Meghan Markle.

That will likely bury Brexit news for a few days and give Theresa May a short respite. A report that the EU is about to hit May with a list of unacceptable demands hasn't gotten much attention.

Technically, the pound has consolidated the break above the Oct/Nov highs and that leaves little in the way of a rally back to the September highs. One level that could be a stumbling block is 1.3416, which is the 61.8% retracement of the Sept decline.