Yesterday, the cable was supported thanks to the strong retail sales data.
The British retail sales up by 1.4% against the forecast of 0.1%.
Today we can see the continuation of the British pound purchase.
Formally, the British pound purchase today can continue. Today the UK will present data on the Public Sector Net Borrowing, which are expected to be positive.
It seems that it is all-important data that may be of interest to us today.
We expect the pair GBP/USD continues to strengthen.
How to trade binary
We would buy put options if the pair falls below 1.3115. We would buy call options if the pair GBP/USD rises above 1.32.
Expiry time: 20:00 GMT