Cable survives another test of 1.3200 as we wait on UK inflation data

UK inflation data is on its way at 08.30 GMT 19 July 2016

I noted the large option expiry interest at 1.3200 in my earlier post and we've held in another dip lower, this time to 1.3206. Not rallying too far at the moment though.

UK inflation data releases also on the horizon to give traders something to think about. The BOE have made great mention of their next Inflation Report to be released on 4 August, the same day as the next MPC meeting.

Expectations for today's data are :