The pound has strengthened against the US dollar since the end of October
In the UK the Services PMI rose from 54.5 to 55.2, the forecast expected to decline to 54.2. In the US the Services PMI fell from 54.7 to 54.6. The ISM non-manufacturing PMI showed an increase from 54.8 to 57.2. The head of the Federal Reserve Bank of New York William Dudley told about the moderate increase in rates in yesterday's speech.
Today, the data is not so important
It is worth to pay attention to the last BoE meeting minutes. The US will present the trade balance for October, the forecast -41.5 billion vs. -36.4 billion in September, but it is not the worst figure for the last two years to October estimates.
In October, the volume of factory orders is projected to rise by 2.5% vs. 0.3% in September. The labor costs are expected to be unchanged for the 3rd quarter.
How to trade binary
The pair GBP/USD broke the resistance level of 1.2730, we expect the further growth in the area of 1.2804. We buy Call options from the current level of 1.2750.
Target price: 1.2750
Expiry time: 21:00 GMT