UK data risk at 09.30 GMT 9 Feb
Yes folks, your next GBP data risk due shortly.
Let's see if it backs up yesterday's BOE's strangely optimistic/misguided ( imho) outlook for the UK economy. That's not what I'm seeing.
Expectations:
We may, as always expect an initial algo headline-led reaction to the data if 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.
GBPUSD currently lower at 1.3950 with EURGBP steady around 0.8790 after failing above 0.8820 .GBPJPY 152.30 and remains a prime mover.
