It's been another soggy data report for the pound 22 Feb
It may have appeared a stronger reading on the headlines but the devil is in the detail they say and true enough in this second-reading as Ryan highlighted .
GBP had a sell rumour/buy fact moment as per my preview but second-wave action has seen the selling resume
GBPUSD now back down through 1.2450 to post 1.2438 with EURGBP trimming all its session losses to post 0.8447. GBPJPY also posting session lows of 140.75
GBP demand at 1.2430 and 0.8450 so caution advised at current levels of 1.2445 and 0.8445 but I remain a GBP rally-seller. Price action still tells me the falls outpace the rallies.
