Overnight we have seen modest gains in Asian stock markets with the Hang Seng up 50 points and the Nikkei225 a little over 30points higher. A lessening of the restrictions on Huawei seems the main catalyst for the moves with the DOW closing 197 points higher yesterday.
CPI data in the UK this morning and the latest FOMC meeting minutes will provide the impetus today. Sterling traded a decent range on comments from Theresa May and the possibility of a second referendum. That being said,after hitting highs of 1.2815,it settled relatively unchanged just above 1.2700.
I have BOUGHT GBP/USD at 1.2710, 60 pip stop, minimal risk