Believing that this is a data is keenly watched by the market and BOE I decided to place my straddle 5 mins before 530pm
Expectations is 58.4.
The details of my trade:-
Buy GBP, Stop if bid 1.5070
Sell GBP, Stop if offered 1.5030
Stop loss at spot 1.5050
As it turned out the reading came in much lower at 55.3.
It triggered by 1.5030 level. Unfortunately it really didn’t go anywhere and finally I cut loss and bought back the GBP at 1.5037
So disappointing.
Tonight ADP and JANET Yellen speaks?!
The Panthenon Investment Group 