Ok good people, brace yourself for the UK data risk coming up shortly
May CPI m/m +0.2% exp vs +0.4% prev. y/y +1.7% exp vs +1.8%
RPI m/m +0.2% exp vs +0.4% prev y/y +2.5% exp/prev
May PPI also out at the same time
We’re not seeing anything in the price action prior to suggest a leak so it’s another coin flip from here
GBPUSD has support at 1.6940 to look out for on the dip, and resistance at 1.7040 on the rally with decent offers ahead at 1.7010-25
EURGBP has good offers at 0.8000-10 and bids at 0.7975 and 0.7950
I’m expecting a flurry as the market is desperate to deal on scraps but not a major move so be ready and don’t be greedy
