Quoting MoeDislikeddamn pound went up 100+ pips then drop 200+ pips, nobody had a clue, this is one of the crazest n.f.p. i have seen in a while.Ignored
Actually, if you take it from the low of the initial spike down, cable rose 200+ pips and then fell 200+ pips. More likely a pre-planned strategy by the big boys. Clean out the shorters, some who have shorted well before news release and in the process, neutralise the straddlers.
Of course, after the event, you will see people trying to explain it by the actual numbers that were released. Happens all the time. Revisions here and there. You could make a good case for the price rising or the price falling.