On Monday, in the absence of important macroeconomic news, the pair GBP/USD fell slightly.
Today the UK is to publish data on its trade balance and manufacturing production.
The manufacturing production is expected to grow, -0.2% vs. the previous -0.5%. The trade balance is expected to descend from -9.88 billion pounds to -10.00 billion pounds.
The Trade Balance excluding EU countries is expected at -2.50 billion against -2.57 billion in May. We will also see an assessment of July GDP from NIESR. Here we are waiting for the deterioration against 0.6% in June.
The US wholesale inventories are expected unchanged (0.0%) in June and the unit costs labor are expected at 1.8% in the 2nd quarter.
How to trade binary
We would buy call options if the pair GBP/USD rises above 1.3036. We would buy put options if the pair falls below 1.2950.
Expiry time: 20:00 GMT