Mark Carney stated about the necessary of the easing this summer.
British data didn’t surprise the investors. It didn’t cause the excitement: the data for the 1st quarter is no longer interesting. The second quarter data will cause much more interest.
The British current account amounted to -32.6 billion in Q1 while waiting -27.3 billion. And Mark Carney said about the necessary to mitigate the credit policy this summer.
In the US, the Chicago PMI showed a sharp increase from 49.3 to 56.8 against the forecast of 50.6.
Today the UK is to publish data Manufacturing PMI for June, which is expected to decline from 50.1 to 50.0.
The United States are to publish data on Manufacturing PMI from Markit and ISM, which are expected unchanged. We expect a decline to 1.3100.
How to trade
We would buy put options if the pair GBP/USD falls below 1.3234.
Target price: 1.3234
Expiry time: 20:00