13 September 2017 at 14:00 GMT
GBP's rally stalled ahead of Thursday's Bank of
England meeting. Image: Shutterstock
The sterling rally eased sharply after a likely short squeeze as we look ahead to tomorrow's Bank of England meeting for the next steps. Meanwhile, the US dollar has pushed gently higher again, but has yet to make a broad statement that would provide any hook for bulls to get involved.
Please see the latest Notes of Interest and Trend and Trend Heat readings on the FX Board PDF attached to this post. We will update with chart comments on a day where technical developments have been more decisive