The British pound is once again capped by the 1.35 level against the dollar, leaving GBP/USD poised for a breakout in either direction as traders balance Fed cut expectations against a recently dovish Bank of England.

TSMC shares rose in premarket trading after the U.S. approved a license allowing the company to import chipmaking equipment to China.

Steady bank lending growth in the eurozone is in line with our view of modest GDP growth over the winter.