On Friday, the pair GBP/USD has demonstrated correction.
In UK, the Industrial Production collapsed by 0.4% (forecast + 0.1%). The trade balance deteriorated from -9.5 billion pounds to -12.1 billion pounds.
In the US, the labor data were weaker than forecasts.
In the US, the non-farm payrolls showed 156K vs. 175K. It's a good increase, but the number of jobs in the manufacturing sector fell by 13K. The overall unemployment rate increased from 4.9% to 5.0%. Today, the US has the public holiday - Columbus Day, but the stock exchanges work except for the bond market.
How to trade binary
We would buy Call options if the pair GBP/USD rises above 1.2466. We buy Put options if the pair falls below 1.2335.
Expiry time: 20:00 GMT