The main data risk event of the morning looms large at 09.30 GMT
Here’s the forecasts vs previous reading
UK inflation data 18 Feb
Little doubt that traders have been looking for a softer release given the pound’s fall
If so then we can expect to test next strong demand at 1.6650 with 1.6600-20 support behind that but if market disapppointed then expect a rally to 1.6725-40 with offers at 1.6750. That’s my perceived range with GBP pairs following similarly.
Ryan is covering for Adam today so I’m flying solo. I’ll get my little typing fingers to work as fast as they possibly can!