Daily News | Tax reform causes headaches in Washington

We are at the start of yet another exciting week of global binary options trading today. There will certainly be a lot of great opportunities for you out there to make a tidy sum, so let’s take a look at the most important news! Join us this Monday, as we take a special look at the British pound sterling. From Thursday to Friday, the currency rose from $1.2764 to $1.2775. To keep the momentum going for the currency and the economy of the country in general, there would need to be as smooth a transition as possible following Brexit. Any new customs arrangement with the European Union would have to not be held back by bureaucratic delays to trade. This segue would have to support future investments and jobs, but we will keep you posted as new developments surface. Now, let us see how the US dollar faired. In the same period, the USD fell from €0.8968 to €0.8935. Republican leaders in Congress and President Trump are in for a doozy of a problem when it comes to their tax reform – they need to stop US corporations from avoiding paying taxes in the country. Taking advantage of low tax rates in foreign countries is a common practice among US companies these days, so it will be interesting to see how the government’s tax reform will deal with it. Administration and congressional staff have begun to look for solutions and everything could reach Congress before the end of the month, so stay tuned for the follow up!

Daily News | Meet a hot new broker

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