GBP/USD: Pound Sub $1.26 On Dovish Carney

Japanese Industrial Production and Capacity Utilization (July) were better than forecast
Trade is cautious prior to  US Federal Reserve monetary policy decision.
USD/JPY trades in familiar levels, bearish below 105.50.

A softer USD, sees USD/JPY trade below 106.00. Vaccine news from Oxford /AstraZeneca lifted the market mood on Monday, although caution remains with the FOMC rate announcement on Wednesday. Asian stock markets advanced; European indices were less buoyant.

Japanese Tertiary Industry Index (July), fell -0.5%, missing forecasts. Industrial Production (July) increased 8.7%, while Capacity Utilization climbed 9.6%, both ahead of forecasts.  There is no high impacting US data due for release today.