On Friday, everything was predictable, except the Non-farm Payrolls.
In July Non-farm payrolls showed an increase of 255K against the forecast of 180K. In the UK, the house prices index from Halifax fell by 1.0% in July against the expectations of 0.1%.
In the US, the unemployment rate was unchanged. The average hourly wage increased by 0.3% in July against the expectation of 0.2%.
The US labor market data were so impressive that the expectations for the rate increase in December increased from 45.5% to 47.5%.
This week we expect the important data on Friday - retail sales, which are expected to decrease.
Taking into account that investors are waiting for the US GDP growth for the third quarter to 3.8%, a new week may be favorable for the US dollar.
How to trade binary
The short-term upward movement is expected in the range of 1.3161 - 1.3213, the breakout of the upper limit will form the local initial conditions. The correctional downward movement is expected in the range of 1.3050 - 1.2998, the breakout of the lower limit will develop the downward movement. We would buy put options if the pair GBP/USD falls below 1.3050.
Target price: 1.3050
Expiry time: 20:00 GMT