I echo what Mike says about the possible results today with regards to the UK data and BOE this morning.
Even so we are likely to get some nice movement from one or both events.
I’ve got my plan in place and I’m looking for a poor read from the industrial production figure to get long of cable. A nice 50 pip slide would be preferable but that will need a really big miss.
The BOE is likely to stay unchanged and the market more or less has that priced in though I can still see a small pop if that happens. Depending on where we are after IP will determine whether 1.56 finally get’s taken out. If we are around 1.5570/80 then I would expect it to go.
I’m loathed to buy it up here so may well miss the boat.
