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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.

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