Wow, look at that rocket fly
GBPUSD up from 1.5580 to 1.5645 on much stronger retail sales data but stopping short ahead of the 1.5650 offers
Anyone want proof that we are in fragile, thin market liquidity conditions then you've just seen it. A jump of that magnitude on retails sales, however decent on first sight, is somewhat overcooked. And I'm not saying that because I was caught short, cos I wasn't
Happy to be square at the moment and look in from the outside but might be tempted on another short into 1.5680-5700. No value here as I expect the gaps to be filled quite happily should we dip into 1.5600
EURGBP on session lows of 0.7132 and the pound stronger overall