The rate of volatility of GBPUSD immediately after the release of the news on Friday was astonishing, it seems the USD lost all its gains almost immediately, how can one handle this kind of situation in future? Give your advice on how to handle it next.
if you are going to carry trade the GU, you need to be prepared for spikes up or down around US and UK financial news release times. the biggest indicator, and usually the biggest spike in this pair comes on the first friday of almost every month. This particular month's news release should not have been much of a surprise to people watching this indicator. personally it was a very profitable day.