GBP pops up on CPI data

The bids at 1.5850/60 proved very strong indeed and cable is back near 1.5900 after the latest CPI figures rose to 2.7% YoY.

EUR/GBP bids reported near .7960, stops below .7950 but large bids near .7925.

I’m done for the day. I’m still running my short AUD/USD and short USD/JPY trades and am hoping to get some volatility soon so as I can build some decent sized positions before any big moves happen. Have a very pleasant evening and I’ll catch you tomorrow.

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