UK data risk with CPI/RPI/PPI all out at 09.30 GMT 13 Feb
Yes folks, your next GBP data risk due shortly.
Let's see if it backs up last week's BOE's strangely optimistic/misguided ( imho) outlook for the UK economy. That's not what I'm seeing. Did the BOE get a sneak preview of stronger data perhaps hence their concerns/hawkish view? We'll find out soon enough but I remain a rally seller on knee-jerks higher.
We will, 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.
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 1.3858 after failing into 1.3880 so far with EURGBP steady around 0.8890 and GBPJPY 149.20 after holding 149.00
Expectations:
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