Investors doubt the rate increase
The Friday behavior of the pair GBP/USD against the excellent US data confirms the assumption that the rate will not be raised at the next meeting of the Fed (on the 15th) (or it will be increased, but this will be the only increase this year).
On Friday, the US published really strong data
In February, the US economy created 235K new jobs in the non-agricultural sector against the expectations of 190K, the January figure was increased by 11K. The unemployment rate fell from 4.8% to 4.7%, while the participation rate increased from 62.9% to 63.0%. The manufacturing payrolls showed 28K new jobs. The average hourly earnings showed 0.2% against the expectation of 0.3%.
Today, the macroeconomic statistics are not published. Tomorrow it's worth to pay attention to the US PPI. The pair GBP/USD will trade in anticipation of the Fed meeting, which will be held on Wednesday, March 15.
How we trade binary
We would buy Call options if the pair GBP/USD goes above 1.2216. This scenario would be invalidated if the pair goes below 1.2140 in which case we would go for Call options with the end of the expiry.
Target price: 1.2216
Expiry time: 21:00 GMT