Your UK data risk at 09.30 GMT 21 Feb
Yes folks, your next GBP data risk due shortly and it's the wages element that will be most closely observed.
Expectations:
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 1.3955 near session lows with EURGBP up to 0.8825 after holding 0.8800 again. GBPJPY selling notable again and now down to test 150.00 from 150.95 highs.
