Daily News | Brexit still relevant

We are already in the middle of another exciting week of global binary options trading, and there are plenty of opportunities waiting for the discerning trader. To speed up the process of choosing the best one, we choose the two biggest headlines that could potentially influence the currency market. British pound sterling is our first order of business today. From Monday to Tuesday, the currency fell once again from $1.2392 to $1.2217. However, it seems that Wednesday’s numbers could be greater, as there is a brutal sell-off taking place, while Prime Minister Theresa May tried to alleviate fears of a hard Brexit. These fears of harsh border regulations were what sparked the harsh drop in the GBP in the first place. Many economists favor a soft Brexit, but we will just have to see what lawmakers make of that idea. We move on to the Japanese yen. In the same time, the currency remained at a constant $0.0096. Bank of Japan policymakers have raised the threshold for further easing after a shift in policies earlier this year. It seems that job markets are continuing to improve, so additional easing might not be necessary, although it is important to note that inflation was below expected in prior forecasts. We will continue to monitor these stories as they develop later in the week.

Daily News | Trade with the best

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Author: Max Rothstein

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