Better headlines, lower revisions have combined to create a GBP rally and now retreat
As per my preview/ sell-rally mantra we've seen GBPUSD peak again at 1.5510 and now 1.5468. Rinse n repeat til broken. Don't forget to take profit in the dips
For bulls the reverse is also true ofc. Buy dips but don't forget to t/p into 1.5510 til broken
EURGBP found bids below 0.7300 and now 0.7313
ECB to make next impact. Caution very much advised
Given the front-running prior to release it's another case of buy rumour/sell fact
ONS citing rugby-related beer sales as a major factor is hardly a sign of growth that can be consolidated
