Pick of the Day: GBP/USD

Well, it looks like Prime Minister Blair may have been misquoted when saying that employment data would come out slightly worse today – it unexpectedly came out better! Unemployment claims were actually down unexpectedly, show signs of strength in the economy. So, the short story is no short trade as expected, but our long trade was triggered. Unfortunately, we were stopped out a few hours after entry as traders we’re battling it out before picking a direction. Oh, well…on to the next trade!

Long trade:

Lot 1: -20 pips

Lot 2 -20 pips

Total: -40 pips