In the US, the reports disappointed investors.
The yesterday’s main index ISM Non-Manufacturing PMI showed a decline from 55.5 to 51.4 in August. This is the lowest rate since December 2009.
As a result, the cable was able to add 135 points.
Today the UK will present data on the manufacturing production for July. The forecast is -0.4% after -0.3% in June. The Halifax house price index is projected at -0.3% in August after -1.0% in July. Then the head of the Bank of England Mark Carney speaks in Parliament with a report on inflation issues. At 15:00 NIESR will publish GDP forecast for August.
How to trade binary
We would buy call options if the pair GBP/USD rises above 1.3453. We would buy put options if the pair falls below 1.3376.
Expiry time: 20:00 GMT