RE: Not looking good24 May 2016 19:10
exchange rate could keep us down, like it did today, the pound shot up due to a brexit poll that gave the stay camp a 15 point lead, it also gave the ftse a boost.
if the market believes that we will stay in europe then the pound could go higher, which is bad, and will limit our possible high.
we dont actually know if the data will be good, do we? so caution to a degree might be wise anyway. i would much rather see a huge pop on good data, than a sell the news event due to being too high before it, think of the news, 'gw drops on positive data' or 'gw flies high as a kite due to positive data', but the market will decide anyway..