CPI data for the UK is a hot data on the radar screen because BOE, Carney is watching CPI, GDP, employment, housing prices, etc in his decision to raise interest rates next year.
At 4:25pm, I decided to put my straddle trade on the GBPUSD as follows: –
GBPUSD – 1.5300 – 1.5325 – 1.5350
Spot rate was 1.5325.
I squared the trade at 1.5245 for a trading profit of 55bps. Not bad for half an hour’s work.
The Panthenon Investment Group 