UK production and trade data


Yes folks, your GBP data risk is here at 09.30 GMT

Here’s the expectations:

We can, as always, expect the initial algo-led reaction however the data plays out so be ready with your entry/exit levels from whichever side you want to play.

Placing limit orders in advance can often be useful given the occasional speed of moves and subsequent reversals, although equally it can be prudent to wait and manually trigger executions once you’ve sized up the data in its entirety and gauged the price action.

I’m not going to beat the algos so have your data calendars open.