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GBP/USD Trading - US new home sales - 23 Aug 2016

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GBP/USD Trading – US new home sales- 23 Aug 2016
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Yesterday, the British pound strengthened on the back of the lack of data.

Today the Cable may continue to grow due to macroeconomic data.

Today the UK is to publish data CBI Industrial Trend Orders for the current month, which is expected at -9 against the previous -4.

The United States will present data on new home sales for July. The market expects 580K against 592K in June.

The Manufacturing PMI is expected at 52.7 vs. the previous 52.9.

How to trade binary

Today the British Pound may continue to strengthen. We would buy call options if the pair GBP/USD rises above 1.3180. We would buy put options if the pair falls below 1.3140.

Expiry time: 20:00 GMT

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.

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