Data risk for GBP traders on its way at 09.30 GMT
Expectations 52.2 vs 52.6 prev
Same scenario as yesterday given the sector's small contribution to UK GDP where we saw a blip on the softer mftg data before a rally but today's GBP tones going into this release are softer than this time yesterday so the reverse could be true.
Currently GBPUSD 1.2612 seeing some GBPJPY selling, the opposite of 24 hours ago. GBPJPY now down to 143.45 from 144.05 but both core pairs have bids nearby at 1.2600 and 113.50
EURGBP still trying to make its mind up as EURUSD once again finds itself impacted by large options expiries but also with EURJPY supply too.
GBPUSD orders here and EURGBP orders here.
