GBP/USD edging back above 1.33 this morning

The European equity markets have just reopened and it is not quite as positive as priced earlier across all the major futures ahead of that opening. So, the DAX is falling back a bit now in early trade. Meantime, the Pound has rebounded versus the dollar. Earlier today the GBP/USD fell back to 1.3260 after closing in the US last night at 1.3296. The fall in the dollar since then has seen the Pound edge back above 1.33 again. The move is far from conclusive though and certainly not especially dynamic and also not unique to the Pound either. The high seen so far has been set at 1.3311. The prospect of a Bank of England rate cut on Thursday is clearly a headwind and so is the prospect of the Fed remaining on hold the day before. The GBP/USD is still seemingly pivotal around the 1.33 handle and seems to be waiting for someone or something to show it the way. The GBP/USD is right now at 1.3306