We’ve seen traders clamour for the pound on the release of the confirmation of Q2 GDP second reading to +0.7% vs +0.6% prev
Cable jumped from 1.5601 and took out the sell interest around 1.5625 but has found plenty of initial supply to 1.5638 with traders positioned long into the release.
EURGBP is back to 0.8552 after dipping to 0.8541
Other GBP pairs little changed
I think the jury’s still out on a further rally, with both bulls and bears happy with the outcome so far.
