UK GDP data just out has given the pound some respite 27 April
All in line with expectations and now second wave buying has taken GBPUSD to 1.4589 and EURGBP back to 0.7763.
Relief rally for the pound but we can expect sellers into rallies still as ranges tighten ahead of the FOMC later.
Like I've been saying, good two-way business. Rinse n repeat. Plenty in it for both bulls and bears but I continue to play from the short side.
