UK data risk with CPI/RPI/PPI all out at 09.30 GMT 20 March
Yes folks, your next GBP data risk due shortly.
The BOE have constantly stated they expect inflation to peak up here so the risk in theory is to the upside. We'll find out soon enough but I remain a rally seller on knee-jerks higher.
We will, as always, expect an initial algo headline-led reaction to the data if wide of the mark so be ready with your entry/exit levels from whichever side you want to play.
Placing limit orders in advance can often be useful given the occasional speed of moves and subsequent reversals, although equally it can be prudent to wait and manually trigger executions once you've sized up the data in its entirety and gauged the price action.
GBPUSD currently 1.4055 after failing into 1.4020-30 so far with EURGBP steady around 0.8780 and GBPJPY lower at 149.25
Expectations:
