The market was expecting it as per my preview and release post and we’ve had the intial round of profit taking before a fresh wave of selling.
Core PPI and RPI though were higher and these can’t be ignored
GBPUSD bids 1.6650 holding still and other GBP pairs finding similar support at key areas
EURGBP 0.8331 after 0.8338 highs
GBPJPY 170.55
I expect rallies to be sold still but no doubting the underlying demand. Beware of getting sucked in down here
