Daily News | Banks leaving UK?

We are at the start of another great week in global binary options trading. There are plenty of news stories to choose from this Monday, but we decided to focus on the most important ones, the ones that could affect your bottom line. We start the day off with the British pound sterling. From Thursday to Friday, the GBP fell from $1.2248 to $1.2211. This data comes to us as British banks prepare to leave the UK over Brexit. Banks in the country depend on a European “passport”, so that they are able to serve clients all across the EU. They are worried that this will stop after the UK leaves and they are already making contingency plans. Prime Minister Theresa May has stated that she will fight to stay part of the single market, even with the EU still insisting that UK must accept the free movement of labor. We will continue to follow this situation, but let us now turn to the US dollar. In the same timeframe, the USD rose from €0.9145 to € 0.9200. It seems that earnings are on the right track for the S&P 500, after four consecutive quarters of contraction. It hit a record high in mid-August after a long slump, but has since tracked lower. However, higher earnings by companies such as Microsoft and Bank of America are set to improve its standing, so definitely look out for that today.

Daily News | Who to partner with?

To improve your standing on the currency market this Monday, be sure to check out IQ Option. In our IQ Option Review 2016, we talk about the company and how they have improved what they have to offer this year. Their new trading platform is superb, as it is very easy to use and very intuitive. The best part is that your safety is completely assured. IQ Option is regulated by CySEC, which makes it up to date with the latest regulations of the EU. For more on this company, be sure to check out our full review!

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Author: Max Rothstein

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