Well, 08.28 GMT to be precise
Expectations for a reading of 60.0 vs 60.5 prev
Given this week’s softer mftg and const PMI data this one also has downside risk, but a better than expected number will catch traders out and see cable test the 1.6250 barrier.
A UK clearer has been a good seller of the pair this morning which may, or may not, be related and that’s chewed through a good amount of buying interest at 1.6200. currently 1.6195
EURGBP has therefore taken out offers at 0.8400 ahead of larger interest at 0.8420. Currently back to 0.8393.
