Failure at 0.7998 the other day gave the pair a kick back down and this morning looked offered as early GBP buying sent it back through a range of bids
Cue wages data and BOE inflation report/Carney and we’ve just posted 0.8003 with more offers into 0.8010 as per my orderboard
Currently 0.7997. I’ve sold again up here to recreate previous short position but will get out/re-assess on break of 0.8015-20 or cable below 1.6690.
I still remain bearish GBP overall but just making the most of the range until proven otherwise
