Daily News | New developments on the market

We are at the very beginning of another week of exciting global binary options trading and we have plenty of news to go over this Monday! Be sure to read on carefully as we dissect all the most important new developments on the currency market. Today, we will be talking about the euro and the British pound sterling. The Eurozone’s currency experienced a positive change recently, rising from $1.1076 to $1.1138. The GBP also ended the last week with a positive trend, rising from $1.3253 to $1.3278. These are really good new developments for any currency buyers out there, but the question is, will these trends hold? On Friday, we saw the largest Greek retailer, Marinopoulos, get bankruptcy protection, due to a debt exceeding 1.3 billion euros. This is a reflection of problems the Greek economy has been having in general, as it has been bailed out three times since 2010, and this shakiness could influence the overall standing of the euro. British, as well as US and EU bond yields have also been dropping, which does not bode well for the GBP, as UK government bond interests have reached record lows. The market has still not fully recovered from last week’s uncertainties, and there will certainly be a lot of ups and downs in the following days, as the European currency still have a way to go to reach stability. Therefore, you should stay vigilant and check our website regularly for all new developments!

Daily News | Experience real trading

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