Your UK data risk at 09.30 GMT 22 Feb
Yes folks, your next GBP data risk due shortly and GDP is going to be more closely observed by markets and BOE down the line given Carney's attention to 1.5% growth as a threshold in yesterday's testimony to the TSC.
Expectations:
- qq 0.5% as flash
- yy 1.5% as flash
Some previews here
We may, as always expect an initial algo headline-led reaction to the data if wide of the mark so be ready with your entry/exit levels from whichever side you want to play. I remain a rally seller.
Placing limit orders in advance can often be useful given the occasional speed of moves and subsequent reversals, although equally it can be prudent to wait and manually trigger executions once you've sized up the data in its entirety and gauged the price action.
GBPUSD currently 1.3880 near session lows with EURGBP up to 0.8848. GBPJPY selling notable again and now down to test 148.85 from 150.00 earlier.
