Yesterday the pair GBP/USD was trading in the narrow range as we expected.
In the US, new home sales were better than expected (609K vs. 598K).
In the UK, the number of mortgage approvals by BBA data dropped from 37.7K to 37.0K.
Today the US will release data on Consumer Confidence from CB for September. The forecast is 8 against 9 in August. In the US, the index of business activity in the services sector is expected to increase from 51.0 to 51.1.The Richmond manufacturing index can increase from -11 to -2.
How to trade binary
We would buy Call options if the pair GBP/USD rises above 1.30. We would buy Put options if the pair descends below 1.2905.
Expiry time: 20:00 GMT