The Panthenon Investment Group

Given UK’s preoccupation with the Brexit and firms pulling out, I felt that the manufacturing numbers were probably going to be weak.

So decided to put in my GBPUSD straddle with the following details: –

Stop If Offered at 1.2440, Spoat at 1.2460, Stop if Bid at 1.2480

All the data came out weak, and it triggered by Stop if Offered leg, but for some reason the GBP seemed resilient, so I decided to square the position at 1.2400 for a trading profit of 40bps.