Dan Deming discusses the recent strength in British Pound futures as the contract trades higher for a second consecutive session. Deming highlights the growing policy divergence between major central banks, noting that the Federal Reserve's decision to hold rates steady has pressured U.S. yields and the dollar. In contrast, the Bank of England is expected to maintain a more hawkish stance, driving relative strength in the pound compared to other majors. He also analyzes the broader FX market and technical levels, observing that the pound is approaching the top of its one-month trading range near the 1.34 level.