The main only data release of the morning sees the second reading of UK Q2 GDP
Plenty of caution and dovish talk creeping in over the past few days so, even to a bear like me, the odds say that risk is to the topside. But expect any decent rally to attract further GBP selling. Cable has decent supply initially between 1.6700-10 and then 1.6725
A worse than expected/previous reading should see GBPUSD fall through 1.6650 but I expect good demand down there and larger around 1.6635.
Expectation/1st reading q/q +0.8% y/y +3.1%
