Daily News | Bank of England’s positive forecast

Another trading week is slowly drawing to a close, so you’ll want to hurry if you want to make the most of the opportunities on the market. There are plenty of them and we will help you find the best ones. This Thursday, we decided to take a look at the Japanese yen. From Tuesday to Wednesday, the currency fell from $0.00887 to $0.00882. This happened as Japanese Prime Minister Shinzo Abe was considering increasing energy imports from the United States, in preparation for his meeting with President Donald Trump. The US president voiced his concerns over the Japanese trade surplus. The government is working on plans for Japanese companies to invest in infrastructure and job creation projects. We will continue to monitor this situation, but now we turn to the British pound sterling. In the same timeframe, the GBP rose from $1.2583 to $1.2641. The Bank of England will most likely spend the day avoiding adding to speculation about a first interest rate hike in nearly a decade. They are expected to improve the 2017 growth forecast once again, which could encourage investors to bet on a first rate hike since 2007. We will continue to monitor if this forecast turns out to be true, so follow us daily!

Daily News | Make the wise choice

To really make the most of this situation on the currency market, we advise you to choose 24option as your broker. In our 24option Account Types article, we talk about the various accounts you can choose to maximize your potential. Traders can choose between four trading modes, which are Short Term, High/Low, Boundary and One Touch. There are five different 24option account types, including Basic, Silver, Gold, Platinum and Diamond. They all suit specific traders’ needs, so that everyone can find their optimal account. If you want to find out more about them, check out the full article.

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Author: Max Rothstein

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