Friday will be full of important reports.
During the Asian session, investors got weak data from China. The industrial production fell from 6.2% to 6.0% in July. The retail sales showed 10.2% against 10.6% in June. The asset investments decreased to 8.1% from 9.0%.
Today the United States will present data on retail sales. The retail sales are expected at 0.4% in July after 0.6% in June.
The Producer Price Index (PPI) is expected at 0.1%. The core PPI is expected to decrease by 0.1% against the previous. The Michigan consumer sentiment index is expected to increase to 91.5 against the previous 90.0.
How to trade binary
The continuation of downward movement is possible after the breakdown of 1.2940, in this case, the target - 1.2844. The short-term upward movement is possible in the range of 1.3036 - 1.3083. We would buy put options if the pair GBP/USD falls below 1.2940.
Target price: 1.2940
Expiry time: 20:00 GMT