Sterling climbed after the BoE commented it may look at discussing rate hikes if the economy continues to improve.
The euro has given up all recent gains after the pair broke below 0.8620. This is a reminder that the pair is still in a wide consolidation range between the base of the rebound (0.8480) and the key daily resistance (0.8720).
The RSI is rising back from the oversold territory. 0.8560 may turn out to be temporary support if sentiment deteriorates. A pullback is likely to meet stiff selling pressure near 0.8640.
