UK inflation data came and went but it seems the pressure on the pound is still there 13 Sept
Now hearing that stop loss orders were triggered on the algos through 1.3295 and we're currently testing the next line of bids/support into 1.3275.
EURGBP still has a bid in it as I've reported a couple of times already this morning and now chewed through the 0.8445 offers to post 0.8458. Next layer at 0.8470.
Moves like this highlight the fragility of the pound more than it does the uncertainties on US rate hikes and that all adds to why I prefer to play from the short side.
