Daily News | British government consulting EFTA

The middle of the week is fast approaching, which means you should have a solid plan in place to both improve your skills and stay informed to get the most out of the currency market. We will help you with the latter by giving you the best data out there! This Tuesday, we focused on the Japanese yen, which rose from Friday to Monday from $0.00914 to $0.00919. Japanese stocks, however, fell to new 3-1/2-month lows yesterday, as investors retained their cautious streak. To put it simply, they were doubtful that the Trump administration would be able to implement growth on global markets. The Nikkei ended 0.4% lower at 19.393.13 points because ofthat, the lowest it has been since May 1. This situation warrants further monitoring, and you can be certain we will do so, but let us now turn to the British pound sterling. In the same period, the GBP rose from $1.2845 to $1.2898. The EFTA (European Free Trade Area) could possibly be a way out for the United Kingdom, as many in the country fear to stay in a European Commission dominated European Court of Justice. President of EFTA, Carl Baudenbacher, certainly did not rule it out as a possibility, while British authorities way their options after they leave the ECJ. We will continue to look into this in the future, so be sure to read on tomorrow!

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