UK data risk at 09.30 GMT 2 Feb
Yes folks, your next GBP data risk due shortly but of all the UK sector PMIs it's services that is most likely to shake things up not construction.
52.0 exp vs 52.2 prev
GBPUSD currently 1.4227 near session lows with EURGBP steady around 0.8780 despite EURUSD failing above 1.2500.
We may, as always though, expect an initial algo headline-led reaction to the data if very wide of the mark 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.
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