A combination of worse data and underlying negative sentiment regarding Brexit negotiations is keeping the lid on the Pound. We do expect further losses in the coming days.
@SetagayaGirl, yup this time the proxy analysis was incorrect. My proxy work offers a 60% chance of calling the actual surprize correctly. However there may or may not be a trade attached to the surprize, if the market doesn't comply. Today we shorted GBP on the miss, with the other negative news surrounding GBP. Come into the trading tribe on these data prints if you want to trade them with me.