Cable is still looking a bit soft which suggests that a lot of this mornings rally up was on GDP expectations.
We briefly touched below 1.5300 to 1.5297. I picked up a small short at 1.5300 with a tight stop as I’m still not convinced by the price action (and as of writing am out at 1.5310)
EUR/GBP got ahead of itself as well before the figure dropping to the 0.8580 area again, which has been very strong support the last couple of days.
GBP/JPY is taking a fairly bad beating falling from 153.82 to 152.88 as I type.
With USD/JPY back under 100 that will be adding extra pressure to GBP/JPY