I was long Gbp too soon today after interest rate decision

The rate remained unchanged as expected
but the surprise was that two more members were in favor of a rate hike
this made the vote 5-3, instead of the expected 7-1 to hold rate

Gbp moved up on the surprise and looked steady
so I joined the market longs
Gbp took a dive down though, just now, I should have expected this retracement
Initial support did not hold, so I closed my longs - losing about 60K

I had already lost 20K lat night on Nzd data, so I was down to 220K
I decided to go long Gbp again now
Przetłumacz na Angielski Pokaż oryginał

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