Despite the positive data, the British pound weakened under the influence of the strengthening of the US dollar.
In the UK, CPI rose from 0.3% to 0.5%, against the forecast of 0.4%, the core CPI rose from 1.2% to 1.4%.
However, yesterday, some British newspapers published the information that the Bank of England may raise rates no earlier than 2020.
The US presented the strong data. In June the number of housing starts was 1.19 million against expectations of 1.17 million, and the number of buildings permits increased from 1.14 million to 1.15 million.
Today the UK is to publish data on the labor market. The number of unemployed is expected to rise by 3.5K, the average earnings are expected to grow by 2.3%. The unemployment rate is expected unchanged 5.0%.
How to trade
We would buy put options if the pair GBP/USD falls below 1.3075.
Target price: 1.3075
Expiry time: 20:00 GMT