On Monday, the pair GBP/USD continued to decline.
In the evening, the United States presented a good data on consumer income/spending. The data was in line with the forecast.
Today the UK will present data on mortgage approvals and mortgage lending.
In July mortgage approvals are expected at 61.9K against 64.77K in June. The net lending to individuals will decrease from 5.2 billion pounds to 4.9 billion.
The United States will present data on CB consumer confidence, which is expected to decrease from 97.3 to 97.2.
So we are waiting for the development of the downward trend.
How to trade binary
We would buy Put options if the pair GBP/USD falls below 1.3053.
Target price: 1.3053
Expiry time: 20:00 GMT