Trading conditions were relatively tight during the morning London session, likely because forex traders were bracing themselves for the FOMC statement (among a host of other top-tier events).
The pound was kind of an exception, though, since it jumped higher ahead of the U.K.’s latest jobs report, but encountered sellers that capped its gains when the U.K.’s jobs report was finally released.
The euro is also noteworthy since it had mixed and choppy price action like most of the other currencies, but began to find sellers after rumors about Italian politics began to make the rounds.