The BOE MPC Minutes and Inflation Report has given GBP a boost 8 Feb
As per our posts the BOE MPC have provided an upbeat assessment on rates and GDP that has seen the pound make solid gains in rapid fashion.
GBPUSD has posted 1.4015 but now 1.3975 again while EURGBP has been down to 0.8739 and now 0.8759 again as GBP sellers jump in and longs take money off the table.
Decent option expiry interest at 1.4000 also in play and being defended as I have highlighted earlier today and in my MPC post just now.
Once again the devil in the detail and the algos have fed feverishly. I still remain cynical on the overall performance and have entered into some fresh GBPUSD shorts near the top of this rally above 1.4000.
All eyes now on Carney an the presser at 12.30 GMT
Watch it all live here
