GBP data risk being released at 08.30 GMT 12 Sept
A raft of inflation data due out shortly so let's see what the algos make of it.
The BOE expect inflation to peak between 2.8-3.0% in a move that has largely been GBP weakness led so even a number up there won't having rushing to press the rate hike button given sluggish UK growth. Another key data point to watch will be tomorrow's wages report.
GBPUSD sellers/res remain between 1.3220-30 but a stronger than expected will blow that straight out the water from current levels (1.3208) so the next area to watch will be 1.3250 then 80-00
Given GBP demand in recent hours the risk now may well be to the downside.
Still flying solo on this shift ( grrrr) so as usual I advise you to have a data screen handy but I'll try and get it all out to you with brief analysis asap.
GBPUSD and EURGBP order boards here and here
