 Sterling jumps broadly today as traders pare back bet on an imminent rate cut by BoE next week. Record improvement in quarterly business optimism is seen as a trigger for the sharp change in expectations. Canadian Dollar attempts to rally after CPI met expectations. But there is no range breakout yet ahead of BoC. Swiss Franc and Yen are the weakest ones as markets seemed to be comfortable with China's handling of the coronavirus. But the optimism is not much reflected in stocks. Technically, GBP/USD's break of 1.3318 suggests that pull back from 1.3284 has completed. Further rise would be seen back to this resistance first. Break will target 1.3514 high. EUR/GBP's break of 0.8454 suggests that corrective rebound from 0.8276 has completed. Deeper fall should be seen to retest this low. 144.52 in GBP/JPY will be an immediate focus. Break will bring further rebound back to retest 147.95 high. Also, USD/CAD would finally break out of 1.3029/13104 range after BoC. In Europe, currently, FTSE is down -0.26%. DAX is down -0.01%. CAC is down -0.07%. German 10-year yield is down -0.0078 at -0.253. Earlier in Asia, Nikkei rose 0.70%. Hong Kong HSI rose 1.27%. China Shanghai SSE rose 0.28%. Singapore Strait Times rose 0.21%. Japan 10-year JGB yield rose 0.0038 to -0.002, continuing to fluctuate around 0% handle. | 
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