Yes folks, it's your UK data risk moment at 09.30 GMT
The BOE are still expecting inflation to peak around these levels and around this time. A stronger report today would certainly be regarded as hawkish though while a softer one will continue to keep the doves prevailing at the BOE meeting/announcement.
We can, as always, expect the initial algo headline-led reaction to the data however the report fully plays out so be ready with your entry/exit levels from whichever side you want to play.
Placing limit orders in advance can often be useful given the occasional speed of moves and subsequent reversals, although equally it can be prudent to wait and manually trigger executions once you've sized up the data in its entirety and gauged the price action.
GBPUSD currently 1.3786, EURGBP 0.8875, GBPJPY 152.52
Here's the expectations:
