After a soggy start we've seen some money come off the table 8 Feb
BOE interest rate decision, Minutes and Inflation Report all out at the top of the hour in case anyone has just got back from Eon Musk's rocket ride to Mars.
I gave a few thoughts here earlier so this is just an update to latest p/a.
GBPUSD 1.3892 just off rally highs after option-assisted support held down below 1.3850.
EURGBP 0.8809 after holding decent support/demand at 0.8800 while GBPJPY is 152.29 from 151.80 but with core pairs both finding sellers again.
So now it's time prepare for the deluge of data and comments. I repeat that super anti-climax more likely than Super Thursday imho but , hey, we should always expect the unexpected and we will, as always expect an initial algo headline-led reaction to the headlines 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.
Remember,
