Price action continues to center around the key technical level
It looks very much that the market is positioning for a move only after the BOE meeting later today. And with some European markets closed (France and Germany the big ones), liquidity may be a little thinner in the session ahead prior to the BOE.
Cable is trading higher on the day as near-term levels stay above the 100-hour MA (red line) but remain below the 200-hour MA (blue line). That leaves near-term bias undefined for the time being. Offers remain at 1.3600 near the 200-hour MA @ 1.3603.