EUR came under pressure through European......>

FOREX: EUR came under pressure through European morning trade, EUR/USD pressed

to an extended pullback low of $1.1618 off Tuesday's month-end high of $1.1746.

Risk aversion on the back of softer China equities/Trade spat provided main

drive through Asia. USD enjoyed buoyancy after FOMC kept expectation for hikes

in Sep and Dec in place, which in turn aided the downside pressure on EUR/USD.

Other USD pairs also felt this strength but EUR sales tempered the effects.  

- Cable broke an interim support at $1.3095 in early Europe and after a slow

decline eventually dipped to an extended low of $1.3068. EUR/GBP retained a

heavy tone with sellers emerging into any upticks, which in turn provided cable

with some buoyancy.

- Attention turns to Thursday's BoE rate decision(1100GMT), where markets eye a

25bp rate hike(vote split seen key) and the publication of r*, the Bank's

estimated equilibrium real interest rate. Inflation Report and BOE Carney press

conference in focus.

- US Weekly Jobless Claims, Durable goods, Factory Orders provide the US session

interest ahead of Friday NFP.