And thus the pound jumps

GBPUSD up to a high of 1.3256, EURGBP to a low of 0.8777.

Nothing more than the headline comment and so we should be prepared for a “but” comment just around the corner. At the moment, it looks like GBP traders are going to take every opportunity to buy the quid on good news, and especially into a potential hike by the BOE on Thursday. We could be setting up for a huge “buy the rumour, sell the fact” trade.

Ryan Littlestone

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