You can’t keep a good thing down for long and so it’s proved for the proud pound!
Lower headline rate but weaker wages data gave GBPUSD a shove lower to 1.7113 from 1.7140 and EURGBP and a lift to 0.7917 but it was a good claimant count number and we’ve seen a bounce to 1.7137 forcing EURGBP back down to 0.7908. Other pound pairs in similar mode
Bids at 1.7900-10 that I highlighted in the orderboard gave good support having smacked through the bids at 25-30 and I hope it helped you take some profit or get long
Jury out here I think though and with lots coming up today it’s probably best to keep powder dry for the moment in this mid 1.7100-50 ish range. Currently 1.7130
