Ever since, Brexit has been looming over the UK, all data attributed to manufacturing and services has been on the radar screen.
This evening was the UK Mfg PMI. I didn’t really know which way it was going to swing, but I could sense that it would be a weaker data, so I placed a one leg straddle with the following details: –
Stop if Offered at 1.2566, SL at 1.2586 and Spot at 1.2589.
The data came our flat at 55.9 same as forecast, GBPUSD hardly moved, so I withdrew the straddle trade.
The Panthenon Investment Group 