Daily News | Auto sales report looking grim?

We are getting ready for another enticingly exciting week of global binary options trading and everything that this endeavor will bring us throughout the days ahead. For you, this can only be a boon, as there is plenty to see and do on the market. This is why, this Monday, we chose to take a look at the British pound sterling. From Thursday to Friday, the GBP rose from $1.2484 to $1.2534. Although this is a positive development, business surveys in the week after formal Brexit talks started could reflect on the impact it is having on both the British economy and the European economy as a whole. Whether these surveys will show positive, negative or no change, remains to be seen. Let us now look at the US dollar. In the same period, the currency rose from €0.9324 to €0.9347. The main bit of data that you should definitely be looking at this Monday when it comes to the dollar is the auto sales release report. This sector of the stock market has had a difficult time in the current year. However, it seems that auto sales are peaking, with the prices getting set to drop. Be sure to watch for that report intently because it may have quite an impact. That’s it for this time, but remember to follow us tomorrow as well for more interesting business news!

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Author: Max Rothstein

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