Pound gets slapped on weaker data

I said in my post prior to the release that we should hope for out-of-line data to produce some decent price action, and we certainly got it

GBPUSD has now posted lows of 1.5973 in second-wave sales.. Strong buying interest noted at 1.5950

EURGBP has been up to 0.8467 ahead of strong selling between 0.8480-0.8500

My bearish GBP stance continues but caution is required as we approach these key levels.

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