Daily News | European post-Brexit woes continue

We are nearing the middle of this week in global binary options trading, a time that is especially volatile, as you do not have a firm grasp of where the week will end up in a couple of days. We are here to give you an analysis of the previous days that will hopefully set you on the right path. This Tuesday, we decided to focus on the British pound sterling. From Friday to Monday, the currency rose from $1.2875 to $1.2937. This came about around the same time that the chief negotiator for the EU in the post-Brexit talks voiced concerns that progress in the negotiations was going at a sluggish pace. The third round of talks is currently happening from Monday to Thursday, which will hopefully help speed things along. Speaking of the EU, the euro rose from $1.1873 to $1.1976. Even though this happened, European shares overall fell on Monday, as the ECB chief Mario Draghi expressed little concern about the strong currency. The STOXX index fell as much as 0.7% to two-week lows. Eurozone shares reached their highest in more than two years in May, with strong macro data and company results attracting potential investors. We will see how things develop in the post-Brexit era, but until then – stay with us! 

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Author: Max Rothstein
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