• Cable has traded an 18.5 pip range thus far Wednesday; 1.36295-1.3648

• Those parameters are within Tuesday's 1.36225-1.36549 range

• Tuesday's range was itself within Monday's range; 1.3621-1.36555

• 1.3619-1.36745 was last Friday's range (six-month high before low)

• Ofgem announces UK energy price cap to rise by 4% from October

• UK inflation expectations rise in August, Citi/YouGov survey shows

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(Robert Howard is a Reuters market analyst. The views expressed are his own)