GBPUSD has now broken up through 1.562-25 resistance and posted 1.5640 as the earlier US$ buying runs out of steam

All eyes on the FOMC and we're seeing some jockeying for position with the main event still some hours away

More offers into 1.5650 should provide enough of a cap in the meantime but more between 1.5680-1.5700 should we break. Stops noted above 1.5710

Support in the dips to 1.5585-1.5600 still.

EURGBP 0.7075 still stuck in a 0.7050-0.7100 range it seems