GBP/USD Probability for 13/10/22 15min TFI mention that till Fri we can expect consolidation and I think that is what is going to happen today.
I'll watch out for CPI news at 8.30 NY time. I think that due to the increase in interest rate last month, inflation will start to decrease which means $$$ will get stronger and other currencies weaker. I'll expect sharp move to downside at 8.30 first and price will slowly go up after that with another 0.30% to 0.50% to take home.
Let's see if that plays out.
