After the release of Bank of England’s quarterly Inflation Report at 5:30 am ET Wednesday, the pound eased from early highs against its major rivals.

The pound was trading at 1.5678 against the greenback, 1.4523 against the franc, 0.7167 against the euro and 187.83 against the yen around 5:34 am ET.

The material has been provided by InstaForex Company – www.instaforex.com