Daily News | Uncertainty on the market

It is the second day of the week, but the global binary options currency market is still reeling from the Brexit referendum. Fear not, we have compiled a list of the most important changes that are happening on the currency market and how they might influence your earnings. We start, of course, by looking at the British pound sterling. Uncertainty still reigns supreme, as the currency fell to $1.319 yesterday, from a previous standing of $1.3675. With the Nationwide Housing Prices economic indicator also expected to see a downturn today, we expect that this lack of market confidence will continue to cause problems for the pound sterling, leading to a bullish day. Now, let us turn our attention to the euro, which could also be affected by the situation in the UK. Because of this uncertainty, the euro has also dropped from the previous week, from $1.1117 to $1.098. Mario Draghi, the European Central Bank’s president, is expected to give a speech and he will surely address the current situation. We expect his speech to have a stabilizing effect, so we are cautiously optimistic about this currency, but be sure to keep an eye on our website as we look at the changes to come later on in the week.

Daily News | Take control of the market

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Author: Max Rothstein
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