Someone has sold a few pounds again in the wake of UK data 15 Nov
Pound pairs thought about the net result of slightly stronger wages, vs better productivity vs softer jobs report and decided, rightly, that the whole picture lends little support to a need for further rate hikes anytime soon
General EUR demand has helped EURGBP pop up through 0.9000 in a rush to post 0.9017 as GBPUSD fell all the way back to test session lows around 1.3135. A bit of GBPJPY selling can't be ruled out the mix either as USDJPY falls further to 112.65
Dip buyers not scared to jump back in though and we're up to 1.3173 again and down to 0.8985.
Great two way business for bulls and bears. Just don't get greedy as I repeat saying frequently.
GBPUSD 15m
EURGBP 15m
