Yesterday, Mark Carney collapsed the British pound
In yesterday's speech at breakfast at the Mansion House, Mark Carney said that it isn’t the time to begin the "adjustment" for the rates since it is necessary to take into account the Brexit negotiation process. On these words, the pound collapsed by 80 points in 15 minutes, and by the close of the day, the decline was 106 points.
In the US, the current account, as we hoped, was better than the forecast
Yesterday, the Fed officials Charles Evans and Eric Rosengren favored another rate hike until December.
Today, the UK will publish data on public sector net borrowings for May. The forecast is 7.0 billion pounds sterling against 9.6 billion in April. In the US, existing home sales are expected at 5.55 million in May, compared with 5.57 million in April.
We expect a further decline in the pair GBP/USD.
How we trade binary?
We would buy Put binary options with 20:00 GMT expiry if a one hour candle closes below the 1.2600 level. If our first target is not reached and the price goes above 1.2655, the first scenario would be invalidated. We would buy Call options if a one hour candle closes above the 1.2655 level.
Target price: 1.2600
Expiry time: 20:00 GMT