Yesterday, the cable recovered after Friday's decline.
Yesterday, the member of the Board of Governors of the Federal Reserve Lael Brainard said that the policy rate should be "prudent" and therefore it is undesirable to raise the rates untimely.
As a result, the probability of the September rate increase reduced to 28%.
Today the UK will present data on Core CPI, which is projected to rise from 1.3% y/y to 1.4% y/y. The CPI is projected to rise to 0.7% y/y against 0.6% y/y in July. The RPI projected to decline from 1.9% to 1.8%.
The United States will present data on Federal Budget Balance. In August the federal budget deficit is expected at -98.0 billion against -112.8 billion in July, this is one of the best indicators of August for the entire post-crisis period.
How to trade binary
The short-term downward movement is possible in the range of 1.3294 - 1.3252. We would buy Put options if the pair GBP/USD falls below 1.3294.
Target price: 1.3294
Expiry time: 20:00 GMT