Daily News | A new UK-US trade deal?

Middle of the global binary options trading week is upon us, with plenty of news items out there ready to help you out on the currency market! We have analyzed them to see which way the wind is blowing, freeing up your time for more trading! This Tuesday, a look at the British pound sterling is in order. From Friday to Monday, the GBP fell from $1.2310 to $1.2165. This came about, as US and British politicians met to discuss a potential trade deal between the two nations, especially in the wake of Britain leaving the EU. Bob Corker, Senate Foreign Relations Committee Chairman, said that they would create a deal that would demonstrate the long standing friendship between the two countries. We will continue to look into this trade deal, but let us now set our sites on the US dollar. In the same period, the currency fell from €0.9472 to €0.9458. This is most likely a continuation of yesterday’s story, when President-elect Donald Trump threatened companies with a “big border tax”. This way, he want to curb their expansion of manufacturing facilities abroad, but little concrete information is to be found. For more on this, we will just have to wait and see in the coming weeks. Be sure to follow us until then!

Daily News | Get some pro tips

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