Daily News | Post-Brexit impacts

Welcome again to another exciting day of global binary options trading! The news this week is once again heavily focused on post-Brexit developments what impact they could potentially have on the currency market, more specifically, on the euro and the British pound sterling. But fear not, as we have analyzed most of the data. Unfortunately, things seem pretty grim for both of these currencies. The GBP sank by 10% on Friday, reaching a weak point that has not been seen since 1985, and things just keep getting worse. Analysts say that the euro could also suffer significantly, as it has already dropped sharply against the dollar (3.3%, its biggest one-day fall in history), with new problems expected to bleed over to today. The pound sterling dropped, and is expected to drop to somewhere between $1.25 and $1.30. HSBC also reacted and lowered it expectations for this currency. The bank now expects that the GBP could fall even further by the end of this year. Most current projections for the British economy state that it will grow more slowly in the post-Brexit era, which is proving true based on the data even now. More than £100 billion has been lost on the FTSE 100 rating, which could downgrade the country’s triple A rating. We will keep an eye on this situation and see how post-Brexit effects influence the market, but the situation is not looking good for the UK.

Daily News | Need a hand?

The market is quite hectic these days, so you want a reliable trading partner to help you find your way through all that. We believe 365BinaryOption is the best choice for that, and you can see why in our detailed 365BinaryOption Review 2016. There you can find all the details on this company’s offer, and believe us, there are plenty of things you need to know about. Don’t waste any more time and find a reliable trading partner today!

DON'T LET THE BREXIT AFFECT YOUR TRADING
Author's overall rating:
Author: Max Rothstein
Updated:

RISK DISCLAIMER
BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.