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• Cable has traded a 21.5 pip range thus far Wednesday; 1.32815-1.3303
• 1.3303 is 8.4 pips shy of Tuesday top. 1.3274 was four-week low on Tuesday
• Dollar will react to Fed interest rate decision at 1800 GMT; hold or hike?
• BoE MPA Thursday: 7 of 9 Times shadow MPC members advocate rate hold
• The other two say BoE should raise rates. BoE MPC may vote 6-3 for hold
• Oil prices rise after US, Saudis attack Iran-backed groups
in Iraq
GBPUSD

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