Another data point and another suspicious move in the quid prior to it

Author: Ryan Littlestone | Category: News

Shenanigans in the pound around the data again?

It doesn't take anyone with eagle eyes to spot the move in the quid just before the data but was it a leak of just positioning?

Here's two charts to look at to make your mind up.

GBPUSD 15m chart

GBPUSD 1m chart

The 15m charts looks more guilty than the 1m chart, purely because the move in the minute before the data is only 16 pips. The price had fallen from around 1.2812 to 1.2791 over a 8-9 minute period. That's not usually indicative of a front run leak move. If the 1m chart looked like the 15m chart I'd be screaming leak with the rest of you. On what this PA looks like, I'd say it was just positioning before the number.



;