UK data risk at 09.30 GMT
Yes folks, your next GBP data risk due shortly and it's the generally erratic retail sales on the menu.
MM 0.5% exp vs -1.5% prev
YY 2.5% exp vs 1.4% prev
GBPUSD currently 1.4102 on session lows with EURGBP up testing 0.8885. Decent size option expiry interest at 1.4100 in play.
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.
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.
