UK economic data released today showed that the UK labour market is undergoing strong recovery with jobless change numbers at -38K as compared to -25K market expectations. This has provided a trigger for the Sterling Bulls to take all GBP pairs more than 100+ pips higher after the economic figures came out.
I expect to see this momentum continue for 2-3 days ahead. I already have a position in GBP/JPY with 100+ pips and look forward to add few more positions in other GBP pairs.
I expect to see this momentum continue for 2-3 days ahead. I already have a position in GBP/JPY with 100+ pips and look forward to add few more positions in other GBP pairs.
