• BoE likely to be somewhat of a non-event this week and industrial/manufacturing data expected to show continued solid performance;
  • Fed minutes will have an obvious impact on the USD side of the equation;
  • Cable tends to trade around 150 pips in quiet weeks and 350 pips in busy weeks;
  • Splitting the difference, and maintaining the bullish bias, I’d suggest 1.7075/1.7325 for this week’s range.