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GBP/USD Trading - Halifax House Price Index - 09 Jan 2017

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GBP/USD chart 9 Jan 2017
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As expected, the US data strengthened the US dollar on Friday

In December Non-farm payrolls showed an increase by 156K vs. 175K, but the prior November figure was revised upward by 26K to 204K. The average hourly earnings increased by 0.4% over the month.

Today, the trend of the US dollar strengthening may continue

In the US, the consumer credit is expected at 18.43 billion dollars in November against 16.02 billion a month earlier. In the UK, the Halifax House Price Index is expected to decline from 6.0% to 5.8%.

How to trade binary

During today's Asian session the British pound fell against the US dollar after the UK Prime Minister Theresa May said the UK will decisively break relations with the EU but will seek to specify the maximum access to its common market.

The break of the level 1.2185 will lead to a further reduction in the area of 1.2132. We would buy Put options from the current level 1.2173.

Asset: GBP/USD
Direction: Put
Target price: 1.2173
Expiry time: 21:00 GMT

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.

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