As per my preview and Ryan's comment in the data post it's the wages rise that has captured the attention
GBPUSD is chewing through the offers/res into 1.5400 that I highlighted. Currently 1.5393 as a second wave kicks in and leaves me a little cautious about entering a short straight away
Patience may be a virtue here but a failure at 1.5400-10 should encourage the interest of cable bears. And of course more so above 1.5450 again
EURGBP is holding the 0.7300 level I highlighted and that may help to cap GBPUSD but the reverse is also true
Carney, McCafferty, Weale and Forbes appearing before the Treasury Select Committee at 13.15GMT so we might expect some hawkish talk. A further reason for caution on shorting GBP right now
